203k RENOVATION LOAN
Welcome to Faith Lending:
Transform Your Home with the
FHA 203(k) Renovation Loan
At Faith Lending, we empower you to turn your house into your dream home with our FHA 203(k) Renovation Loan. Whether you're buying a fixer-upper or looking to make improvements to your current home, this loan offers a convenient and affordable way to finance your renovations. Let us help you enhance your home with confidence and ease.
The FHA 203(k) Renovation Loan, backed by the Federal Housing Administration, provides homeowners and buyers with the funds needed to purchase and renovate a property with a single loan. This program is perfect for those looking to make significant repairs or upgrades to their home while spreading the costs over the life of the mortgage.
100M+
Loans Funded
1000+
Families Served
25+
Years of Service
Requirements For 203K Renovation Loan:
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Credit Score: Minimum of 620.
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Down Payment: As low as 3.5% of the total loan amount (purchase price plus renovation costs).
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Primary Residence: The property must be used as the borrower’s primary residence.
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Property Eligibility: The home must be at least one year old, and the renovation costs must be at least $5,000.
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Licensed Contractor: Renovations must be completed by a licensed contractor, and a detailed proposal is required.
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HUD Consultant: For larger projects, a HUD-approved consultant may be required to oversee the renovation process.
Book your Appointment Today!
Book your Appointment and speak to our Loan Specialists!
Faith Lending Can Help by:
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Expert Guidance: Our team of mortgage professionals will assist you through every step of the FHA loan process, ensuring you understand all your options.
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Personalized Support: We provide tailored solutions to fit your unique financial situation and homeownership goals.
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Streamlined Process: Faith Lending simplifies the application and approval process, making it smooth and stress-free.
Discover how Faith Lending can help you achieve your homeownership dreams with an FHA loan. Reach out to our team to begin your journey to owning a home.
