FHA 203k Renovation Loan

Types of FHA renovation loans include a Standard 203k and a Limited 203k. The Standard is for larger projects like rebuilding a home from the ground up.

These projects exceed $35,000. For smaller repairs, upgrades and improvement, the Limited will provide up to $35,000.

Work must be completed by HUD-approved contractors. This loan requirement is a little less attractive to DIY-ers.

Money set aside for renovation work is held in a renovation escrow account and is released when repairs are completed.

Get a Quote