FHA · Buy & Renovate
FHA 203(k) Renovation Loans
Finance the home and the rehab in one FHA-insured mortgage sized on after-improved value. Choose Full Standard for major or structural work, or Limited Streamline for cosmetic rehab up to $75,000.
Finance the home and the rehab in one FHA-insured mortgage sized on after-improved value. Choose Full Standard for major or structural work, or Limited Streamline for cosmetic rehab up to $75,000.
Choose your path
Both programs roll purchase (or refinance) and eligible repairs into one FHA loan. The right path depends on scope, budget, and whether the work is structural.
Major renovations — structural work, foundation repairs, room additions, and extensive rehab. HUD consultant required, up to 5 draws, 12-month completion.
Cosmetic and light, non-structural improvements with a lighter process — no HUD consultant, up to 3 contractors, and a $75,000 total rehab cap.
Program overview
Both Full Standard and Limited Streamline are FHA-insured renovation mortgages for primary residences. Loan sizing uses after-repair value, and rehab dollars sit in escrow until work passes inspection.
Ryan and Steve help you match scope to the right path — Limited for cosmetic and light systems work under $75,000, Full Standard when the job is structural, larger, or needs a HUD consultant and fuller draw schedule.
Mortgage Knowledge Center
Deep-dive guides on eligibility, improvements, contractors, draws, consultants, timelines, and more — for both Full Standard and Limited Streamline.
Share your property and renovation scope — Ryan and Steve will point you to Full Standard or Limited Streamline before you go under contract.
All loans are subject to credit and property approval. FHA 203(k) program guidelines, loan limits, MIP rules, and pricing are subject to change without notice and may not be available in all areas. This website is not affiliated with or endorsed by HUD, FHA, or any government agency. Information is for educational purposes only and is not a commitment to lend.