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If you’ve found a home that needs work — outdated kitchen, worn roof, cosmetic issues, or more significant repairs — you may be wondering: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