If you have been finding the current lack of inventory a challenge, you may want to consider a renovation mortgage. A renovation mortgage (or rehab loan) allows you to finance improvements to the property beyond the sales price of the home. The renovations begin after closing and there are no restrictions on the types of improvements. You can even use this on your existing home as a refinance if you love your location and neighbors and just want to make changes to your home. [Read more…]
Where do I start with an FHA 203k Rehab loan?
August 7, 2014 by Leave a Comment
A Step-by-Step Guide for Washington Homebuyers (Updated for 2026)
If you’ve found a home that needs work — outdated kitchen, worn roof, cosmetic issues, or more significant repairs — you may be wondering:
“Can I finance the purchase and the renovation together?”
In many cases, the answer is yes — through an FHA 203(k) rehabilitation loan, a program insured by the Federal Housing Administration.
An FHA 203(k) loan allows you to purchase (or refinance) a home and finance eligible repairs into one mortgage.
But where do you actually start?
Here’s a clear, practical breakdown. [Read more…]
Having a Hard Time Finding the “Perfect” Home in Seattle? Consider an FHA 203k Rehab Loan!
June 28, 2011 by 2 Comments
Please visit my updated Renovation Mortgage Guide for homes located in Washington state.
Some of my Seattle area clients have been searching for the “just right” home for months. With a good portion of the available inventory being bank owned, many of the homes have been left in less than desirable condition or perhaps are overdue for a little TLC. If you’ve found a home that needs some work that’s located in a neighborhood you’d like to call home, an FHA 203k rehab loan may be worth your consideration. [Read more…]
FHA 203(k) Rehab Loans
February 4, 2011 by 4 Comments
UPDATE: Please check out our updated guide on Renovation Mortgages. [Read more…]
