FHA 203(k) Home Renovation Loans in Kentucky

In Kentucky, you will find a lot of beautiful old homes for sale, some of which could use a bit of TLC.

If it is your dream to buy one of these fixer-uppers, you can finance the purchase and repairs using an FHA 203(k) home renovation loan.

What is an FHA 203(k) Home Renovation Loan?

An FHA 203(k) loan is a product that allows you to finance the cost to buy a fixer-upper together with the expenses to make necessary repairs and improvements to your new home.

What You Can Do With a Kentucky FHA 203(k) Loan

With an FHA 203(k) loan, you can make repairs to plumbing, electrical systems, septic systems, and energy efficiency.

You can also make improvements such as constructing a garage or remodeling part of the home. Along with changes to the structure itself, the funds from an FHA 203(k) loan may also be used to improve landscaping.

You can repair any existing luxury features on the property, but you cannot add new ones using your funds.

If the home is unliveable for part of the process, the FHA 203(k) loans can provide you with funding for up to six months of living elsewhere. It also comes with a contingency reserve.

Apply Now for an FHA 203(k) Loan in Louisville or Beyond

With an FHA 203(k) loan, you only have to apply for a single financing product for home purchase and repairs. That means that the process is rapid and easy, allowing you to focus on your home search and on working with contractors to schedule repairs and renovations.

Are you ready to buy the fixer-upper of your dreams? Please give us a call at (502) 657-4299 to schedule your consultation. We can help you buy a home and make repairs with an FHA 203(k) loan in Kentucky, Tennessee, Indiana and Florida.