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FHA 203k Renovation Program (Full)

We Are Experts in FHA 203k Loans

FHA 203k Renovation Program (FULL) allows for a qualified owner-occupied buyer to purchase or refinance a 1-4 unit family home in “As-Is” condition.

FHA 203k Renovation Program (Full)

  • Scope of Work: The Full 203(k) program is designed for extensive renovations and structural repairs. It covers major projects such as room additions, structural alterations, plumbing and electrical system repairs, roofing, flooring, and significant landscape improvements.


  • Loan Amount: There is no upper limit on the renovation costs as long as the total mortgage amount, including the purchase price and the renovation costs, does not exceed the FHA loan limit for the area.
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  • Consultant Requirement: A HUD-approved consultant must be hired to oversee the project, including preparing a detailed work write-up and cost estimates, and ensuring that the work is completed according to FHA standards.


  • Inspections: Multiple inspections are required throughout the renovation process to ensure compliance with the project specifications and FHA requirements.

Key Differences:

  • Complexity: The Full 203(k) is suited for larger, more complex projects requiring structural changes and professional oversight, while the Streamlined 203(k) is ideal for simpler, cosmetic repairs.


  • Loan Limits: The Full 203(k) does not have a specific cap on renovation costs, whereas the Streamlined 203(k) has a maximum limit of $35,000 for repairs.


  • Consultation: The Full 203(k) requires a HUD-approved consultant to manage the project, which is not necessary for the Streamlined 203(k).


  • Inspections: More frequent and detailed inspections are required for the Full 203(k) to ensure project compliance.

FHA 203k Renovation Program

The FHA 203(k) Renovation Programs are differentiated from traditional loans by their inclusion of both the purchase price and the renovation costs in a single mortgage. Unlike traditional loans, which typically require separate financing for home improvements, the FHA 203(k) Programs streamline the process, reducing the complexity and financial burden on home buyers. The ability to finance repairs and upgrades immediately upon purchase is provided, making it easier to buy homes in need of significant work. Additionally, this program requires less stringent credit requirements and lower down payments, making it more accessible to a broader range of buyers compared to conventional financing options.

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