FHA 203(k) Loan Options
Receive a quote on a FHA 203K loan today.
FHA 203(k) Loans
Finance your home purchase and renovation with one convenient loan.
An FHA 203(k) Loan is a powerful financing option that allows you to buy a home and fund the renovations all in one mortgage. Backed by the Federal Housing Administration, this program is ideal for buyers interested in fixer-uppers, outdated homes, or properties needing repairs or upgrades.
Instead of taking out separate loans for purchase and construction, the FHA 203(k) combines both costs — simplifying the process and helping you create a home you truly love.
Call or text Staci today to discuss your ARM options:
937.478.4487
Email: scasey@nexamortgage.com
You’re favorite Mortgage Loan Originator with Nexa Mortgage
NMLS #270377
Why Choose an FHA 203(k) Loan?
Purchase + Renovate in One Loan
Finance your home and the improvement costs together.
Low Down Payment Options
Just like standard FHA loans, down payments can be as low as 3.5%.
Flexible Credit Requirements
Great for buyers who may not qualify for conventional renovation loans.
Perfect for Fixer-Uppers
Update kitchens, bathrooms, flooring, roofing, windows, and more.
Build Equity Quickly
Your improvements can increase your home’s value right away.
Two Types of 203(k) Loans
Limited 203(k)
For smaller updates and cosmetic improvements — typically up to $35,000.
Great for projects like:
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Flooring
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Paint
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Appliances
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Minor repairs
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Updates that don’t require structural work
Standard 203(k)
For major renovations or repairs that involve structural work.
Ideal for projects such as:
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Room additions
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Major kitchen or bath remodels
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Foundation repairs
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Roof replacement
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Extensive property rehabilitation
Is an FHA 203(k) Right for You?
This loan is a strong match if:
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You love a home’s location but not its current condition
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You’re buying a fixer-upper
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You want to customize your home from day one
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You prefer one loan and one closing instead of multiple financing options
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You need flexible guidelines with lower down payment requirements
How Loans by Staci Helps
At Loans by Staci with NEXA Lending, we simplify the FHA 203(k) process from start to finish.
We’ll help you:
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Understand the renovation guidelines
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Compare 203(k) vs. traditional FHA loans
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Work with approved contractors
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Navigate timelines, budgets, and loan limits
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Choose the option that best fits your vision and financial goals
You’ll get clear guidance, honest answers, and support through every step — so your renovation dream becomes a reality.