Skip to content

FHA 203k loan

Invest in a better future with a home improvement loan.

Get your offer accepted
Get a deal when buying an older home that needs some work.
Loan dashboard
Finance the purchase and renovation costs through a single mortgage.
Lender you can trust
Build home equity quickly.


Get pre-approved

  • Install new flooring, remodel the kitchen, or fix the gutters.
  • Add a room, repair the roof, and replace the plumbing.
  • No dollar limit for the repairs as long as your loan amount isn’t more than the FHA limit.

  1. Get pre-approved.
  2. Find a home.
  3. Choose a contractor.
  4. Accept the final loan approval.
  5. Close on the purchase.
  6. Complete the repairs.
  7. Move in.

Find out how to buy a home and fix it with an FHA 203(K) mortgage. Get a free copy of our step-by-step guide that breaks it down, making the FHA 203k loan easy to understand.

Get you free guide now

Talk to an expert  Talk to an expert.

Ask questions, get straight answers, and find out how to start on your home loan.

  • Borrow up to 110% of the home’s future value after completing the improvements.
  • Keep the amount within the FHA loan limits.
  • Receive up to $472,030 to buy and renovate a single-family, condominium, or townhome. Or take a larger loan for a multi-unit property.
Property type FHA loan limits 2023
Single-family, condo, or townhome
2-unit, multi-family home
3-unit, multi-family home
4-unit, multi-family home
Property type Minimum down payment as a percent of the purchase price
1-to-4 units: single-family, condo, townhome, or multi-famly home

Frequently asked questions about FHA 203k loans

Can I do the repairs myself with an FHA 203k loan?

Do FHA 203k loans cost more?

Can I use the 203k loan to buy and renovate a multi-family property?

How much is FHA mortgage insurance?

Your home loan starts with a verified pre-approval.

A powerful pre-approval letter from NewCastle Home Loans improves your likelihood of winning the deal.