FHA 203(k) Standard Renovation loan is a great loan option for those who want to purchase a home and perform upgrades, repairs, remodel or customize to their needs and wants without tapping into their savings. An FHA 203(k) loan simplifies the home renovation process by allowing you to borrow money for your home purchase and home renovation costs using only one loan.
The FHA 203(k) Limited Renovation loan is a great way to help you create home equity fast by bringing the home up to date and allowing you to stay in your current home and neighborhood.