FHA 203(k) financing allows your interested clients to finance the purchase of a home needing fix up or rehab and refinance their current loan into a low rate FHA loan with financing for qualified rehab.

Qualified repairs include:

Basement remodeling
Roofs, gutters and downspouts
New windows and doors
Improvements for persons with disabilities
Energy efficient improvements
Decks, patios, porches
Basement completion and waterproofing

You can refinance your current home loan and set aside up to $35,000.00 for home improvement, $2,000.00 for weatherization and $8,000.00 for qualified Energy Efficiency Improvements.

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