Home Improvements Could ​Grow Your Property Value and​ Make Your House Easier to Sell

According to CNBC, renovations that improve curb appeal — like garage door replacements, wood deck additions, and veneer installations — are ​paying homeowners back 18% higher than last

20% of REALTORS say a kitchen upgrade helped close a home sale,​ according to the 2019 Remodeling Impact Report

Consumer Reports notes that making needed or wanted repairs and improvements can ​save you money on homeowners insurance

What’s an FHA 203(k) Renovation Loan?

Also sometimes referred to as a Rehab Loan, an FHA 203(k) loan allows you to ​finance not just the purchase of a home, but wanted or needed repairs and improvements.

This type of loan is ideal for current or new-to-you homes that need major TLC, ​but aren’t eligible for standard mortgage loans. Because your lender keeps track of the repairs you do, you can get a loan approved for a home that wouldn’t otherwise be eligible.

With a single loan, you can buy a fixer-upper AND fix it up. Or renovate your current home to get more enjoyment out of living there!

2 Ways to Use Your FHA 203(k) Loan

Buy a Fixer-Upper (and Fix It Up)

Or... Renovate Your Current Home!

Your Renovation Wish List Could Include...

Increase window size

Bring in more natural light

Finish a basement or attic

Create a mother-in-law apartment or guest space

Correct foundational issues​

Protect your investment for the long-term

Add a detached garage when one does not exist​

There’s room for everyone

Knock down walls​

Open up the floor plan to create versatile, welcoming spaces

Flood-proof your property​

Add a retaining wall to prevent expensive damage

Repair the pool​

Tired of leaks and cracks? Fix the pool & start enjoying it

Expand or refresh the kitchen​

Cooking is just more fun in an updated kitchen

Add square footage​

Growing your family? Grow your home alongside it!

And so much more! ​All funded by your single, convenient FHA 203(k) Renovation loan.

And start planning your renovations now!

After remodeling, ​74% of owners have a greater desire​ to be in their home, and ​65%​ ​have increased enjoyment​ in their home.

Source: National Association of Realtors® 2020 Remodeling Impact Report

How Does a Renovation Loan Work?

Depending on the types of repairs you plan to do, ​you have two options​ when it comes to securing a FHA 203(k) Renovation Loan: Limited and Standard.

START HERE.You can find out what you qualify for in 1 minute. Discover what you can do with an FHA Purchase or Renovation loan!

Thinking About a Renovation Loan?
You Might Be Wondering...

START HERE.You can find out what you qualify for in 1 minute. See if you’re eligible for an FHA 203(k) loan in 60 seconds or less

Your home, your way.
That’s the FAIR WAY!