FHA 203K Renovation Loans

An FHA-insured loan that allows you to finance both the purchase of a home and eligible renovation costs in one mortgage.

What Is an FHA 203K Loan?

An FHA 203K loan is a government-backed mortgage that combines the cost of purchasing or refinancing a home with funds for approved improvements.


It is designed to help buyers finance necessary repairs or upgrades while maintaining FHA’s flexible qualification guidelines.

Who This Loan Is Best For

This program may be ideal for:

Qualification Overview

Approval is based on factors such as:

Credit score and credit history

Income and employment stability

Property eligibility

Scope and estimated cost of improvements

Because renovation funds are involved, additional documentation may be required.

Key Highlights

Eligible Improvements

FHA 203K loans allow certain repairs and renovations, including:

1

Structural repairs

2

Roofing or plumbing updates

3

HVAC replacements

4

Kitchen and bathroom improvements

Why Work With Cody Financial

We help coordinate renovation documentation and ensure your loan structure aligns with FHA guidelines, keeping the process organized from start to finish.

Looking to finance renovations with your home purchase?

Loan programs, rates, terms, and qualification requirements are subject to change and borrower approval.