Renovation Loans
Finance and Fix Your Dream Home with a Single Loan
FHA 203(k) loans are perfect for buying or refinancing a home that needs repairs. Backed by the Federal Housing Administration, this renovation loan wraps both the home purchase and renovation costs into one convenient mortgage with flexible credit terms and low down payments to help turn any fixer-upper into a dream home.
Finance both the home and the renovations under one mortgage.
Start with as little as 3.5% down—even for homes needing major repairs.
Easier qualification for buyers with fair or limited credit history.
Covers structural repairs, energy upgrades, kitchen remodels, and more.
Estimate Your Renovation Mortgage
Get a quick monthly payment estimate with our FHA 203(k) calculator that factors in renovation budgets and FHA terms.
Duane services
Resources Tailored to Renovation Loan Borrowers
Tools Built for Your Home Upgrade Journey
Calculate your monthly mortgage based on renovation scope and total loan value.
Check the types of properties and repairs allowed under FHA 203(k) guidelines.
Learn about limited renovation loans for smaller projects under $35,000.