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Add a Garage to Your House with the FHA 203k Renovation Loan

Not All Garages are Created Equal

The FHA 203k is such a versatile renovation loan, it's sometimes hard to say what home improvements are eligible for financing because so many projects are covered. Even adding a garage onto your property can fall under FHA 203k financing in the right scenarios. Since this mortgage option is an FHA product, it must meet FHA health and safety standards. If the current garage is a safety problem, replacing it can be done with this type of financing. You also must have like-properties to comare your project to, ensuring that the improvements will add the right value within the neighborhood.

View our full list of loan programs.

Below are some examples of garage construction projects and whether they would likely be approved or not approved for an FHA 203k renovation loan. Again, as long as you have “like” comparables in the area that support such a garage style, these photos should tell the story. 

FHA-203k-garage-1-okay.jpgFHA-203k-garage-2-okay.jpg FHA-203k-garage-3-not-okay.jpg FHA-203k-garage-4-not-okay.jpg FHA-203k-garage-5-not-okay.jpg FHA-203k-garage-6-not-okay.jpgRemember, that outbuildings are not allowed to be part of a 203k renovation project. The garage must act as a garage and look like a garage. A regular 2 car garage is 20x22 (440 sq. ft. ) A 3-car is 30x22 (660 square feet) Those should act as your basis.

Download "Ultimate Guide to Renovation Loans" to learn all about this renovation loan and how you can use it to finance your dream house, whether you're already living there or you're buying it. 


Our Ultimate Guide  to Renovation Loans

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3 Basic Differences Between a Standard and Limited FHA 203(k) Home Loan

You've found a home in a neighborhood where you've always wanted to live. And you can snatch it up at a good price. So what's stopping you?   Could it be the outdated appliances, dark brown exterior,  and wall-to-wall carpeting? It might not be your dream home just yet, but with an FHA 203(k) renovation loan, it could be. With this loan you can purchase the property and get the extra funds you need to remodel, repair, and renovate. It's unique because you can borrow the funds you'll need based on what your house is expected to be worth after the renovation is complete. 

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(photo: Styron Batchelor, third from left; Loan Officer Mark Bynum, third from right; Loan Officer Assistant Jeff Jones, second from right)


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