Buy and renovate with just one loan!An FHA 203(k) Renovation Loan lets you purchase a home and borrow money for renovations, all with the convenience of a single loan and closing.
With an FHA 203(k) loan, you can:
- Qualify with a down payment as low as 3.5% of the purchase price plus repairs.
- Expand your home search to include properties that need renovation.
- Borrow based on the future value of the home, rather than its current value.
- Make repairs after your loan closes, giving you time to get things done right.