FHA 203k Renovation Loans
Buy the house and fix it up with one loan.
Turn a fixer upper into your dream home
The FHA 203(k) program lets you finance the purchase of a home and the cost of repairs or improvements in a single mortgage with one closing. It’s also available to current homeowners who want to refinance and renovate.
Two versions
- Limited 203(k): for non structural repairs and updates such as kitchens, baths, flooring, roofs, HVAC and impact windows
- Standard 203(k): for larger projects, including structural work, overseen by a HUD consultant
Why it works well in Florida
Older Tampa Bay homes often need a new roof, updated electrical or wind mitigation improvements before they can be insured affordably. A 203(k) can fold those improvements into your loan, which can help with insurability and long term costs.
Not an FHA buyer? Curtis can also compare conventional renovation options.
Frequently asked questions
Can I do the work myself?
Generally the work must be completed by licensed contractors. Curtis can explain the specific rules for the program you choose.
How long does a 203k take to close?
Renovation loans involve contractor bids and additional review, so they usually take longer than a standard purchase. Curtis will give you a realistic timeline up front.
This page is general information, not a commitment to lend or an offer of credit. Program availability, eligibility and terms depend on your credit, income, property and lender guidelines and are subject to change. Contact Curtis for options specific to you.
Not sure which loan fits?
That’s Curtis’s job. Answer a few quick questions and he’ll compare your options across 60+ lenders.