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Tool Belt and Kit

203K Renovation Services

Turn a fixer-upper into a move in read home. 

We help buyers purchase and renovate homes through 203(k) loans, with support as your realtor, general contractor or both. 

  • 203(k) home search support

  • 203(k) renovation planning

  • 203(k) general contracting

  • Scope of work and bid support

  • Budgeting and repair estimates

  • Lender, HUD consultant, and buyer coordination

  • Permit and subcontractor coordination

  • Renovation project management

  • Draw and payment coordination

  • Final walkthrough and closeout

  • Other 203(k) renovation services

What is a 203(k) loan?

Applying-For-FHA-Loan-Online.jpg

A 203(k) loan is a type of FHA loan that helps buyers purchase a home and pay for renovations with one mortgage.

 

Instead of buying the house first and finding separate money for repairs later, the renovation budget is built into the loan. It can be a helpful option for buyers who find a home with potential but need support making it livable, updated, or move-in ready.

Types of 203(k) loans

1

Standard 

For larger renovations or repairs that may affect the structure of the home.

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  • For more major repairs, additions, foundation work, or larger improvements

  • Requires at least $5,000 in renovation work

  • Uses a HUD-approved 203(k) consultant

  • Better suited for more complex projects with multiple steps

2

Streamlined

For smaller updates that do not change the structure of the home.

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  • Common for paint, flooring, appliances, and minor kitchen or bathroom updates

  • Allows renovation costs up to $75,000

  • Has a simpler approval process

  • May not require a HUD consultant

How it works

1. Find the right home and lender: Find a home that needs updates, then work with an FHA-approved lender to see if a 203(k) loan is a good fit.
2. Choose the loan type: Decide whether the project fits a Streamlined  203(k) for smaller updates or a Standard 203(k) for larger renovations. 
3. Build the renovation plan: Create a clear list of the work needed and get contractor bids so the lender can review the expected cost. 
4. Complete lender review and closing: The lender reviews the home, loan, renovation plan, and project budget before closing. 
5. Complete the work: After closing, renovation funds are held aside and paid out as the work is completed, inspected, and closed out.
Roofing a House

How we support you

As licensed Realtors and licensed general contractors, we provide guidance throughout the FHA 203(k) process. From identifying the right property and estimating repairs to completing renovations and assisting with required documentation, we help turn fixer-uppers into dream homes.

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