FHA Renovation Loan
An FHA Renovation Loan (also known as an FHA 203K loan) is an excellent mortgage option for financing repairs, flipping a fixer-upper, or renovating your home. Think of this loan as an FHA loan with a renovation twist.
FHA Renovation Loan
Use an FHA Renovation loan for your renovation needs with added benefits for first-time buyers.
3.5% Down Payment
FHA Renovation loans only require a 3.5% down payment.
Typical FHA Guidelines
This loan type follows typical FHA guidelines with minimal overlays.
Can Be Used For Additions
FHA Renovation loans can be used to add additions or make repairs.
Loan Amount
The loan amount is based on 110% of the ``after improved`` value.
Your home buying journey begins here.
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Three great options for starting:
Apply for an FHA Loan or Continue Exploring
Whether you’re ready to apply for an FHA loan or you’d like to continue exploring – we can help. Apply online, download the ultimate guide to FHA loans, or learn more about OVM Financial.
