Yes — buy and renovate with one FHA 203(k) loan. How purchase-plus-rehab closing, escrow draws, and after-improved value work.
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Renovation Loans
FHA 203(k)
Buy and Renovate
Yes — purchase-and-renovate is the core FHA 203(k) use case. One FHA closing covers the acquisition and eligible improvements, with rehab dollars held in escrow and released as work is completed and inspected.
Four steps from offer to finished remodel — without a separate construction loan.
Paying cash for a fixer-upper and financing repairs later often means two sets of costs, delayed work, and rate risk. FHA 203(k) folds eligible renovations into the first mortgage so you start with one payment, lower down-payment options, and a clear draw schedule.
Send the listing and your contractor bids — Ryan & Steve will confirm FHA 203(k) vs HomeStyle before you write the offer.
All loans are subject to credit and property approval. FHA program guidelines, eligible improvement lists, 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.