203K Home Loans
A 203k mortgage is a specialized FHA loan backed by the federal government offered to buyers who want to buy or refinance a home with the intention of completing repairs, upgrades, or updates. An approved 203k loan would provide you with the money to buy (or refinance) a house with designated funds to complete your defined renovations.
Is an FHA 203K right for you?
Are you interested in a fixer-upper but need cash for renovations? The 203k option gives you the ability to buy a home with minimal down payment and enough funds to complete your updates or repairs.
Some examples of repairs covered by a 203K are:
- Decks & Patios
- Bathroom & Kitchen Remodels
- New Flooring
- Heating & Air Conditioning Systems
- Additions to the home
- And more…