203k FHA Construction Loans

An FHA 203k renovation mortgage is designed to combine a home purchase or refinance with eligible renovation costs in a single mortgage transaction. The right approach depends on the property, project scope, borrower profile, and current program requirements.

Plan the property and renovation together

A renovation transaction typically requires early coordination among the borrower, contractor, appraiser, and lender. Start by defining the work, documenting the budget, and reviewing timing expectations before making decisions about financing.

Questions to discuss with a mortgage professional

• Is the property and proposed work suitable for a renovation-financing review?
• What documentation may be needed for the borrower, contractor, and project?
• How could valuation, draw administration, and closing timing affect the plan?

Frequently asked questions

Can renovation costs be included in a mortgage?

Some renovation-mortgage programs may allow eligible improvements to be considered as part of a transaction. Requirements and permitted work vary by program and lender.

Is FHA 203k financing available for every project?

No. Property condition, project scope, documentation, and current program requirements all matter. A review of the full scenario is needed.

Visit Purchase, use the mortgage calculators, or contact NorthStar Funding to begin a conversation.

This page is general educational information, not a commitment to lend or a guarantee of approval. Program availability and eligibility vary.