HOW CAN YOU USE A 203K LOAN?

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An FHA 203k loan can be used by two kinds of borrower, 1. A borrower that would like to buy a home and renovate it, and 2. A borrower that would like to renovate their current residence.  There are a few exceptions and allowances to these two general categories of borrower.  If your circumstances don’t quite fit the categories above and you have a question about exceptions you may qualify for, give us a call and we can help answer your question.

Almost any repair can be done, but it depends on which type of 203k loan you get.

Streamline 203k (Must be under $35,000)

  • Repair/replace roof, gutters, and downspouts
  • Repair/replace/upgrade HVAC
  • Repair/replace/upgrade plumbing and electrical
  • Repair/replace flooring
  • Kitchen remodel
  • Painting, exterior or interior
  • Weatherization
  • Purchase and installation of appliances
  • Accessibility improvements for persons with disabilities
  • Repair/replace/add decks, patios, porches
  • Basement waterproofing, finishing, remodeling
  • Window and door replacements
  • Repair/replace septic system or water well

Full/Standard 203k (over $35,000)

  • Everything approved for Streamline 203k loands
  • Structural Repairs – Moving walls, repairing foundations, adding an addition
  • Landscaping

Limited pool repair (only under $1500, and only if the lender approves)

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From kitchens to bathrooms, bedrooms, interior, exterior, and or flooring. House Pros On Call plans to provide award winning services.

We had a wonderful experience with House Pros On Call. Rob, who installed our bathroom vent fan, did a wonderful job, was extremely friendly, and is a true asset to your company! I would rate you a 5 – excellent – on all of the above. I really don’t have any comments for improvement – our experience was outstanding and we will certainly call again in the future.
Mitch Tuckett
Andres Pantoja, did caulking, inside and out. He was very professional, He was prompt, informative and did a good job. If, in the future I need more work done I would certainly call your company!
James Lewis
Rob just completed my son’s bathroom remodel and I needed to contact you to let you know how truly satisfied I am at the outcome. The bathroom needed a new tub, tub walls, sink, toilet and new flooring. Rob skillfully completed each phase of the remodel. I was particularly happy with his attention to detail. If making talent craftsmen like Rob available to your customers is an indication of the service that I can expect in the future, you can be sure that I’ll recommend your company to friends and colleagues.
Kathy Card