FHA 203K Home Improvement Program allows you to include home improvements or renovations into a single loan with one payment and one interest rate.
What can I do with an FHA 203K Home Improvement Loan?
Our FHA 203K Home Improvement Loan allows you to include home improvements or renovations into a single loan with one payment and one interest rate. You can:

• Finance updates from flowing, windows and paint to a complete home renovation
• Work with authorized, licensed contractors to complete the work on time and on budget
• Create instant equity in your new home

Program Guidelines:

• Maximum Loan Amount: Conventional maximum = $417,000 (including improvements), FHA maximum varies by county
• Loan Types: 15yr or 30yr fixed rate Purchase or Refinance loans (not an equity loan)
• House must currently be (or soon be) owner occupied
• House must be at least 1 year old
• Home improvement costs must be completed by approved, licensed and insured contractors
• Home’s equity must be sufficient enough to cover purchase price or current mortgage pay off plus repairs as demonstrated by a “Subject To” appraised value