Turn a Less Than Perfect Home into Your Dream Home with a FHA 203K Loan!
About FHA 203K Home Loans
An FHA 203K loan is a loan backed by the federal government and given to buyers who want to renovate a home. An FHA 203K loan allows the borrower to finance the home, plus provides financing to do the necessary renovations to the home.
We’re here to make the 203K home loan process a whole lot easier, with tools and expertise that will help guide you along the way, starting with our 203K Loan Qualifier.
The 203K Loan Process
Here’s how our home loan process works:
- Complete our simple 203K Loan Qualifier
- Receive options based on your unique criteria and scenario
- Compare mortgage interest rates and terms
- Choose the offer that best fits your needs
Fairway is not affiliated with any government agencies. These materials are not from HUD or FHA and were not approved by HUD or a government agency.
Why a FHA 203K Loan?
The main benefit of these loans is that they give you the ability to buy a home in need of repairs that you might not otherwise have been able to afford to buy. Plus, the down payment requirements are minimal, and often you may be able to receive a favorable interest rate.
- Fixed-Rate Mortgage
- Minimal Down Payments
- Terms of 15-, 20-, and 30- years available for the fixed rate products