FHA 203(k) Renovation Loan
Looking to buy a fixer-upper in or update an older home in the DFW area? An FHA 203(k) Renovation Loan from Supreme Lending lets you purchase and renovate a property with a single mortgage. You can roll the cost of improvements—big or small—into your loan and create the home you’ve always envisioned.
Key Features
✔ One Loan, One Closing – Finance the home purchase and renovation costs in one convenient loan.
✔ Low Down Payment – As little as 3.5% down, just like a standard FHA loan.
✔ Flexible Renovation Options – From kitchen remodels to full structural updates, you can finance a wide range of improvements.
✔ Competitive Interest Rates – Take advantage of FHA’s attractive mortgage rates for homebuyers.
Eligible Renovations
✔ Kitchen and bathroom remodels
✔ Roofing, flooring, and energy-efficient upgrades
✔ Room additions or structural repairs
✔ Accessibility modifications and more
Eligibility & Guidelines
✔ Minimum credit score typically 580.
✔ Work must be performed by licensed contractors approved by the lender.
✔ FHA limits apply to total loan amount.
Ideal For
✔ Homebuyers purchasing a fixer-upper.
✔ Owners wanting to refinance and renovate their current property.
✔ Buyers seeking an affordable way to customize a home in the competitive market.
Our FHA loan specialists streamline the 203(k) process by coordinating with contractors, appraisers, and underwriters. We help you secure the financing you need to turn a diamond in the rough into your dream home.