FHA 203k Renovation Loan


FHA 203k Renovation Loans

What is a FHA 203k Loan?

The FHA 203k is a renovation loan program that provides funds for both the purchase and renovation of a home. There are two types of an FHA 203k loans. The 203k is given for properties that need structural repairs such as a new roof or an addition, $387,550 maximum loan limit in Hawaii County (all counties listed below). The streamlined 203k allows for non-structural renovation repairs such as painting and new appliances. The minimum Loan Amount is $5,000.


FHA 203k loans are for a primary residence that requires some renovation completed within 30 days of closing. Renovations may include structural elements, however, if the scope of work looks like it will exceed 30 days or exceed the allowable renovation amount, this may not be ideal for some buyers. Its very important to consult a licensed builder before pursuing a FHA 203k Loan.


Home purchase and renovation costs not to exceed $387,550 in Hawaii County. 580+ middle FICO. $721,050 Honolulu County; $678,500 Kalawao County; $713,000 Kauai County; $678,500 Maui County


3.5% down payment plus ability to afford a property that will have a higher value after completion.

How Can We Help You?

Several new loan programs have emerged allowing you to get a new mortgage with zero down and 3% down payment. We will discuss your options to deliver the best loan for your needs.

Get approved today!

Recent Questions

I want to flip inexpensive properties after renovating them so I can make a profit. Can I use these FHA renovation loans? No. FHA 203k renovation loans are intended solely for your primary residence and have residency restrictions. If your wanting short term fix and flip financing we can help you with another loan product.

My planned renovation will take more than 30 days because of materials that need to be ordered, will this ruin my loan? We can coordinate an escrow hold back for this situation, meaning money will remain in escrow to ensure funds needed for completion will be available when the back ordered materials arrive.