FHA 203(k) loans provide funding to finance both a home’s purchase and the cost of repairing it. This type of loan, which you can obtain from an FHA-approved lender, is reserved for borrowers who ...

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An FHA 203(k) loan allows you to finance your home purchase or mortgage refinance and home renovations FHA 203(k) loans provide financing for a purchase or refinance and renovation with a single loan.

An FHA 203(k) loan combines a renovation loan with a primary mortgage. Because they’re government-insured, 203(k) loans have more lenient qualifications than conventional loans.

What is an FHA 203(k) loan? If you want to buy or refinance a home that needs renovations, the FHA 203(k) rehab loan may be a good option. Also known as a Section 203(k) loan, this type of financing ...