203K Loans
Buy and renovate with one loan. A 203K loan lets you finance your home and the improvements it needs—all in a single mortgage.
- Trusted by over 1,000 people
Turn a Fixer-Upper Into Your Dream Home
A 203K loan, backed by the FHA, is a powerful option for buyers who want to purchase a home that needs work—but don’t want the hassle of separate renovation financing. This all-in-one loan covers both the purchase price and the cost of eligible repairs or upgrades, making it ideal for fixer-uppers, distressed properties, or homes that need a little vision. At Reynoso & Co, we guide you through every part of the process—from contractor bids to closing—so your renovation plans don’t slow down your financing.
We’ll explain the two types of 203K loans (standard and limited) and help you decide which one fits your project. If you’re looking to create instant equity and design a space that’s truly yours, this loan could be the perfect fit. We make the renovation lending process clear, streamlined, and fully tailored to your goals.
What You Can Expect From Us
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Expert Guidance Without the Jargon -
Fast Responses, Every Time
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Loan Options That Actually Fit
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Local Knowledge That Pays Off
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Support From Start to Close
Do I Qualify?
If you’re considering a home that needs repairs or updates, a 203K loan might be the best way to finance it all at once. We’ll walk you through the guidelines, help you budget for the work, and make sure you understand the full process before you begin.
FAQs
What types of repairs can I finance with a 203K loan?
You can finance structural repairs, roofing, plumbing, electrical, energy upgrades, appliances, and cosmetic improvements—depending on the loan type.
What’s the difference between standard and limited 203K loans?
Standard loans are for major repairs or structural work, while limited loans are for non-structural fixes up to $35,000.
Do I need to work with a specific contractor?
Yes. The FHA requires that you use licensed contractors and submit bids for approval before closing. We’ll help coordinate this step.
Can I live in the home during renovations?
In many cases, yes—but it depends on the scope of work. We’ll help you plan accordingly.
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