<img height="1" width="1" style="display:none" src="https://www.facebook.com/tr?id=175408000071871&amp;ev=PageView&amp;noscript=1">

Amerifirst blog

 Explore our blog for insights on buying, financing, remodeling, and taking care of your home.

Back to all posts

Can I Refinance My FHA Loan into an FHA 203K for Renovations?

Couple-with-Paint-samples

We get a lot of questions, and many of them are situation-specific. However, some questions are great for all kinds of home buyers or homeowners. This particular question is one of those: a great to answer for all kinds of folks.

 

On several articles and over quite a few phone calls, people want to know if they can refinance their current mortgage into an FHA 203k to take care of updating, remodeling or renovating their current home. In short, yes it's possible.  

 

 

John C says, "I bought a house in 2010 with an FHA loan. I want to add another room and do other renovations. Is a FHA 203k loan a possibility? If so, would the loan be only for the renovations cost or can it be part of a refinance for my existing mortgage?"


In short, yes you can refinance and remodel with the FHA 203k loan. Rolling the mortgage you have now, plus the renovations and improvements you want to do, is possible with the 203k.


The new mortgage will include what you owed on the previous loan PLUS the work you're financing. Get more 203k loan info with our free guide in the description below.

 

You can learn more at the button below.

Ultimate Guide to Renovation Loans

Related Posts

5 Spring Lawn Care Tips for your First Home

It's your first home, and your first spring after a long winter. Are you ready to put in the effort it takes to have a lush, green lawn? One that you can walk around in with your bare feet, throw a ball to the dog, or sit back and relax with friends? These 5 tips for spring lawn care will help get you on the right track and make your home the envy of the neighborhood.

What's the HomeStyle Renovation Loan?

Have you found a neighborhood where you'd like to live but the only house for sale is a fixer-upper? Unsure what to do? You could: 

Five Tips for First-Time Homebuyers

You’re buying your first house! No more fighting over parking spaces, unexpected rent increases or putting up with noisy neighbors. If you’re planning to make a move this year, here are five tips that can set you on a path that leads to your very own front door.  

icon_footer_phone-01

Call us

800.466.5626

icon_footer_laptop-01

Get started

Apply online today