FHA 203(k) Renovation Loans Explained

The FHA 203(k) program is designed to let buyers finance a home purchase and renovation costs in one loan.

How it works

Renovation costs are included in the loan and generally released as work is completed. Program rules and contractor requirements apply.

Who it may suit

Buyers looking at homes that need repairs or updates. It sits within our FHA loan options.

Check eligibility

Property and borrower requirements apply. Ask Chris whether it fits your project.

FAQ

Can I do the work myself?

Program rules limit this. Ask Chris for the current guidelines.

Is it available on any home?

Eligible properties only.

Helpful Resources

• HUD: FHA loan information

Related: Programs | FHA vs. Conventional Loans | Mortgage Loans in Carroll County, MD

Chris Nieberlein NMLS #313519 | Bay Capital Mortgage Corp. NMLS #39610 | Equal Housing Lender. General information, not a commitment to lend. Terms and eligibility vary and are subject to credit approval and underwriting.