FHA 203(k) Improvement Loans

Some properties are almost perfect - the location is good and the property has potential, but significant improvements need to be made. Without those repairs, the home might not be suitable for living, and lenders might be unwilling to fund loans on a property with problems.

FHA 203(k) makes it possible for you to turn that property into a home. You are taking that property off the market and making it a valuable part of the community again.

An FHA 203(k) loan allows you to borrow money, using only one loan, for both home improvement and a home purchase.