Where do I start with an FHA 203k Rehab loan?

August 7, 2014 by Rhonda Porter 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If you’ve found a home that needs work — outdated kitchen, worn roof, cosmetic issues, or more significant repairs — you may be wondering: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…]

Filed Under: Mortgage Programs, Home Buying, Refinancing & Home Equity Tagged With: 203k, construction, fha, home improvement, rehab, remodel, renovation, repair

Having a Hard Time Finding the “Perfect” Home in Seattle? Consider an FHA 203k Rehab Loan!

June 28, 2011 by Rhonda Porter 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…]

Filed Under: Mortgage Programs, Home Buying Tagged With: 203k, fha, rehab, renovation