Renovation Loan
An FHA 203 (k) rehabilition loan can help you refinance your home and give it some TLC. A 203 (k) limited loan has a $35k rehab cap, while a full 203 (k) doesn't have a limit on renovation costs.
What you need to know about renovation refinancing
An FHA 203 (k) rehabilition loan can help you refinance your home and give it some TLC. A 203 (k) limited loan has a $35k rehab cap, while a full 203 (k) doesn't have a limit on renovation costs. This funding can be used for a simple updates or major renovations, which could include:
• Energy-efficient windows and features
• Remodeling outdated kitchens and bathrooms
• Safety features for the elderly or disabled
• Plumbing and electrical updates
