FHA 203(k) Renovation

A mortgage that combines a home purchase or refinance with eligible rehabilitation costs.

Why choose this option?

A borrower can consider a home that needs work and finance eligible improvements through one mortgage.

What can it be used for?

Repair or modernize a primary home, replace eligible systems, or complete approved renovations.

How it works

Limited and Standard 203(k) options cover different scopes of work. Contractor, draw, completion and property requirements apply; a consultant may be required.