FHA 203k

 
How a 203(k) Renovation Loan Can Help New and Existing Homeowners
  • Remodel a kitchen or bath
  • Add a family room or extra bedroom
  • Make needed electrical or plumbing repairs
  • Replace a leaky roof
  • Make energy or conservation improvements
  • Repair a decaying foundation
  • Move a home to another site and remodel it
  • Convert a one-family home into a two-family home
  • Improve handicap access
  • Refinance options are also available with this loan

Eligible Properties
  • One two four unit family dwellings
  • Owner occupied
  • Minimum of $5,000 in permanent non-cosmetic repairs must be done to qualify
  • Property or foundation must have been in existence for at least one year
 
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