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Renovation Loans (203k)

Buy and upgrade a fixer in one home loan.

Renovation loans such as FHA 203(k) programs let buyers or existing owners finance both the purchase (or refinance) of a home and the cost of qualified repairs or upgrades in a single mortgage. There are generally two flavors: Limited 203(k) options for smaller, non-structural projects with capped repair budgets, and Standard 203(k) loans for larger renovations that may require HUD-approved consultants. Funds for improvements are held in escrow and released as work is completed, so borrowers make one combined mortgage payment instead of juggling separate construction or personal loans.

No SSN required · Zero impact to credit · Never sold

Quick highlights
  • Purchase + renovation in one loan
  • Built for fixer-uppers
  • Can increase value through upgrades
Who it's for: Best for buyers purchasing a fixer-upper or current owners who want to roll renovation costs into one FHA-insured mortgage rather than using separate financing.
Why this loan

Built around what you actually need.

1
One loan instead of two

You can combine the cost of the home and the planned renovation budget into a single financing path.

2
Makes imperfect homes more attractive

Buyers are no longer limited to homes that already look perfect or are fully updated on day one.

3
Value-add opportunity

Well-planned improvements can raise the home's usefulness and its long-term value at the same time.

Process

How it works

01
Check eligibility

Tap the button and answer a few quick questions, no SSN needed.

02
We shop 90+ lenders

Aaron's team finds the sharpest program for your scenario.

03
Lock your terms

Review and lock the rate and structure that fits your goals.

04
Close with confidence

Clear communication every step until you have the keys.

FAQ

Common questions

What is a 203(k) loan used for?+

It is used to buy and renovate a home, or in some cases refinance and improve one, using a single mortgage structure.

Why do buyers choose this loan?+

It helps them purchase a home with issues or needed upgrades without finding separate renovation financing.

Can renovations really be included in the loan?+

Yes. That is the core value of the 203(k) structure.

Prefer to start here?
Confirm your state and we'll move forward.

No SSN required · Zero impact to credit · Never sold

Ready to see if Renovation Loans (203k) fits your situation?

Schedule a call with Aaron Ehresmann, Loan Originator at West Capital Lending. He'll review your scenario, walk through your options, and map out the cleanest path forward, no pressure.