Renovate a Home

The FHA Streamlined 203K Rehabilitation Program gives homebuyers the option to finance an additional $35,000 into their mortgage to improve or upgrade their home before move-in. With this product, existing homebuyers can quickly and easily tap into cash to pay for property repairs or improvements.

You can finance from $5,000 up to $35,000 for the following items:

• Repair/Replacement of roofs, gutters and downspouts
• Repair/Replacement or upgrade of existing HVAC systems
• Repair/Replacement or upgrade of plumbing and electrical systems
• Repair/Replacement of flooring
• Minor remodeling, such as kitchens, which does not involve structural repairs
• New Paint, both exterior and interior
• Weatherization, including storm windows and doors, insulation, weather stripping, etc.
• Purchase and installation of appliances, including refrigerators, washers/dryers, dishwashers, and microwave ovens
• Accessibility improvements for persons with disabilities
• Lead-based paint stabilization or abatement of lead-based paint hazards
• Repair/Replacement or addition of exterior decks, patios, porches
• Basement finishing and remodeling, which does not involve structural repairs
• Basement waterproofing
• Window and door replacements and exterior wall re-siding
• Septic system and/or well repair or replacement

Contact us for more information>>

Borrower Benefits

• Turn an average home into a dream home.
• Make the home your own
• Fix things the previous owner may have ignored
• Get more house for the money

Product Eligibility

• Down payment as low as 3.5% of total purchse amount
• Gift funds are allowed
• Must be owner occupied primary residence
• Required $5,000 minimum renovation cost
• Seller may contribute 6% of purchase prices toward closing costs
• Commercial properties are not eligible