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Find a FHA 203k Loan

Are you looking to improve a home?

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FHA 203k Renovation Loan

New or Current Home

Buy a new home that needs repairs or finance needed repairs to your current home.

Less Than Perfect

Homebuyers with less than perfect credit scores can still use a FHA 203k loan. We require at least a 640 credit score to be considered.

3.5% Down on Future Value

FHA 203k loan offers a low down payment, 3.5% of future value. Example: $400,000 purchase price + $100,000 repairs = $500,000 x 3.5% ($17,500 Down Payment).

Repair or Remodel

203k Loans are perfect for those trying to minimize out of pocket expenses on a leaky roof repair, kitchen remodel, bathroom makeover and more.

How it works

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first 203K Loan
first Hi, I’m Chad, your How can I help?
first Share a few details
first 203k Loan
first Hi, I’m Chad, How can I help?
1

Choose your best option

It all starts here by choosing the best 203k loan option that fits your home repair or renovation plan.

2

Compare 203k loan options

We will provide you an easy to follow estimate with loan program, step to loan, interest rate, monthly payment and cash to close.

3

Painless pre-approval*

Once you know your options you will be invited to submit an application to start the pre-approval* process.

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*Pre-approval is not a commitment to lend.

Frequently asked questions

Q: How does a home buyer qualify for a FHA 203k Loan?
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Buyers must have qualifying income, meet at least 640 credit score and occupy as primary residence. Ask your loan officer for additional qualifications.

Q: How much down payment do I need?
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Your down payment is calculated by the purchase price or existing mortgage plus your renovation budget. We take 3.5% of the combined total or lower of future appraised value.

Q: What home improvements can be made with 203k?
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The 203k covers a range of home improvements. Remodeling bathrooms and kitchens are the most popular, along with new roofs. Ask our loan officers for more details.

Q: Can a swimming pool be added with 203k?
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Unfortunately, anything considered a luxury is not allowed. The FHA defines “luxury” items as things like tennis courts, swimming pools, hot tubs, and outdoor kitchens.

Q: What are the main benefits of a 203K home renovation loan?
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Lower credit score low as 640, down payment (3.5% minimum), and debt-to-income ratio (50%).

Q: What is the first step to take advantage of FHA 203k Loan?
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Start with “START HERE” answer the questions, connect with our FHA 203k specialist and have your options emailed to you.

Get started in minutes

Speed matters. Which is why you can get information today. Without affecting your credit score.

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Won’t affect your credit score.

(855) 692-0102 - Whitefish Stage, Kalispell, Montana 59901 - Equal Housing Lender Corp NMLS #2550 Alaska (AK2550), Arizona (0907705), California (4130981), Colorado (2550), District of Columbia (MLB2550), Hawaii (HI-2550), Idaho (MBL-437), Maryland (23418), Minnesota (MN-MO-2550), Montana (2550), Nevada (2342), New Mexico (250489), North Carolina (185883), North Dakota (MB101542), Oregon (ML-832), South Dakota (ML.05197), Texas (2550), Utah (7956014), Virginia (MC-6860), Washington (CL-2550), Wisconsin (2550BA), Wyoming (1004). Licensed by the Department of Business Oversight under the California Residential Mortgage Lending Act. Texas Complaint and Recovery Fund Notice Mann Mortgage, LLC is not endorsed by, nor acting on behalf of or at the direction of, the U.S. Department of Housing and Urban Development, Federal Housing Administration, the Veterans Administration, the U.S. Department of Agriculture or the Federal Government. All programs are subject to credit and income qualification. This is not a guarantee of financing or a firm offer of credit. Interest rates are not guaranteed and subject to change or become unavailable at time of commitment or closing. 1220 Whitefish Stage, Kalispell, MT 59901