FHA 203(k)
FHA’s rehabilitation program can combine eligible purchase or refinance financing with repairs. Standard and Limited 203(k) programs have different project rules. FHA qualification requirements and mortgage insurance apply.
Improve your home
Renovation Loans
A renovation mortgage can include financing for eligible improvements in a home purchase or refinance. The scope of work matters as much as the mortgage itself.
Understand your options
How the options work.
HomeStyle® Renovation
Fannie Mae’s conventional renovation option can include eligible improvements with a purchase or permitted refinance. Property, occupancy, appraisal, contractor, and project-completion requirements apply. It is not a cash-out refinance program.
Other renovation scenarios
Ask ECC about current options for larger loan amounts or projects that do not fit these programs. Availability depends on the property, renovation scope, borrower qualifications, lender or investor rules, and location.
Prepare for the conversation
What to review together.
- Prepare a realistic scope, itemized contractor estimates, and a budget for unexpected work.
- Confirm eligible improvements, required permits, contractor approval, and any consultant or inspection requirements.
- Discuss the appraisal, project deadlines, draw process, contingency funds, and where you will live during work.
Common questions
A little more clarity.
General information can help you prepare. Your loan officer can explain the requirements for your particular property, finances, and program.
Can a renovation loan be used with a refinance?
Some renovation programs allow refinancing an existing mortgage while financing eligible work. The type of refinance and allowable improvements depend on the specific program; availability is not universal.
Can I use any contractor or perform the work myself?
Do not assume so. Contractor qualifications, self-help work, permits, inspections, and payment arrangements are governed by lender and program rules. Confirm these before making commitments.
Is every improvement or property eligible?
No. Eligible property types and improvements differ across programs. Structural work, new construction, luxury items, and occupancy can be treated differently. Ask for a review of your proposed property and scope.
Educational information only; not a rate quote, loan approval, or commitment to lend. Program availability, eligibility, rates, fees, and terms depend on underwriting, property, and state availability. Your situation may require different documentation or disclosures. East Coast Capital is not affiliated with or endorsed by HUD, FHA, VA, or another government agency. NMLS ID #1403.