Loan Options • FHA 203(k) Loan

FHA 203(k) renovation loans

Buy or refinance a home and finance the repairs in one FHA-insured loan, with one application and one closing.

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★★★★★ 5.0 on Google from 160+ clients | Company NMLS #1835856

At a glance

Purchase or refinance plus repairs in one loan
Limited 203(k) for smaller, non-structural projects
Standard 203(k) for major renovations and structural work
Flexible FHA credit guidelines and low down payment options

(386) 882-9980

Talk with a licensed loan officer

Is it right for you?

Who it’s for

An FHA 203(k) loan is a good fit if you have found a home that needs work, or you want to update your current home, and you would rather finance the repairs with your mortgage than pay out of pocket or take a second loan. It is a primary-residence program.

Good to know

Repairs must be done by licensed, insured contractors with written bids.
Repair funds are held in escrow and released as the work is completed and inspected.
FHA mortgage insurance and FHA loan limits apply.

How it works

Talk with usA quick, no-pressure call about your goals and budget.
Apply onlineA secure application you can finish in minutes.
Review your optionsClear numbers side by side so you can choose with confidence.
CloseRegular updates from approval to the closing table.

FAQs

Common questions

What is the difference between a Limited and a Standard 203(k)?

A Limited 203(k) is designed for smaller, non-structural repairs and updates. A Standard 203(k) covers larger projects, including structural repairs, and requires a HUD-approved 203(k) consultant to oversee the work.

Can I live in the home during renovations?

Often, yes, depending on the scope of work and whether the home is safe to occupy. Your loan officer will help you plan for this.

Can I use a 203(k) loan to refinance?

Yes. Current homeowners can use a 203(k) refinance to finance improvements to the home they already own, subject to FHA guidelines.

This is not a commitment to lend. All loans are subject to credit approval, underwriting guidelines, property eligibility and program availability. Not all applicants will qualify. Terms and programs may change without notice. FLO Mortgage, Company NMLS #1835856. Equal Housing Opportunity. Licensing & Disclosures.

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Client reviews

★★★★★ 5.0 on Google from 160+ clients

    
 
 
       Posted on Google  
   
   Daniel Shapkin 
 
 
 
 Trustindex verifies that the original source of the review is Google. I had a great experience working with Rich. He was professional, responsive, and great to work with throughout the entire process. What really stood out to me was that Rich is a true problem solver. If anything ever comes up during a transaction, he’s quick to jump in, find a solution, and do whatever it takes to keep things moving forward. I really appreciate his communication, professionalism, and willingness to get the job done. I’d definitely work with Rich again and highly recommend him!
  
 
      Posted on Google  
   
   Michael 
 
 
 
 Trustindex verifies that the original source of the review is Google. Anthony help we buy a great house in the Flagler Beach area.   Was able to get a great rate.  Very educational and answered all my questions.   Would highly recommend. Will be using Anthony again.
  
 
      Posted on Google  
   
   Skyler Ciolino 
 
 
 
 Trustindex verifies that the original source of the review is Google. Awesome lenders!! Have done multiple deals with Anthony!! Proactive and responsive!
  
 
      Posted on Google  
   
   Mike Ginn 
 
 
 
 Trustindex verifies that the original source of the review is Google. Anthony and his team were very helpful getting us approved for a home when other companies couldn't. We would still be in a rental if it wasn't for Flo Mortgage

Thank you!!!
  
 
      Posted on Google  
   
   Geoffrey Grau 
 
 
 
 Trustindex verifies that the original source of the review is Google. Sandy, has been the absolute best!! I dont think we would be anywhere with out her! Great source for all your mortgage needs! Ill be using her again any time needed! Thanks again! A+++
  
 
      Posted on Google  
   
   Kat Cruz 
 
 
 
 Trustindex verifies that the original source of the review is Google. ⭐⭐⭐⭐⭐ ⭐⭐⭐⭐⭐ ⭐⭐⭐⭐➕
If I could give Anthony Jones and the entire FLO Mortgage team more than 5 stars, I absolutely would.

My family and I had almost lost hope after working with multiple lenders and hearing “no” over and over again. We were discouraged and started believing that homeownership just wasn’t meant to happen for us.

Then Anthony and his team took over our loan, and everything changed.

What other lenders couldn’t accomplish in months, Anthony and the FLO Mortgage team accomplished in just 12 days. That still amazes me. Their knowledge, communication, dedication, and ability to solve problems turned what felt impossible into reality.

From day one, Anthony was honest, responsive, incredibly patient, and always willing to answer my many questions. Brenda and the rest of the team were equally amazing, keeping everything moving and making sure I understood each step of the process. Buying a home can be overwhelming, but they always made me feel informed, supported, and confident.

What impressed me most was that they never treated us like just another loan file. They treated us like a family with a dream worth fighting for. Every time an obstacle came up, they found a solution instead of giving up.

Because of Anthony, Brenda, and the entire FLO Mortgage team, my family is now proud homeowners. Receiving the keys to our very first home is a moment we’ll cherish forever, and we know it would not have been possible without their hard work, teamwork, and determination.

If you’re looking for a mortgage team that truly cares, communicates exceptionally well, and works relentlessly on your behalf, I wholeheartedly recommend Anthony Jones and FLO Mortgage. They didn’t just help us buy a house. They helped make a lifelong dream come true.

Thank you, Anthony, Brenda, and the entire FLO Mortgage team. May God continue to bless each of you as you help more families achieve the dream of homeownership. We will never forget what you did for our family. 🏡🔑❤️
  
 
      Posted on Google  
   
   Olga Vsevolodova 
 
 
 
 Trustindex verifies that the original source of the review is Google. Excellent support throughout the preparation, the selection of the house, and the transaction itself. Many thanks, Ella Chageyeva
  
 
      Posted on Google  
   
   Lisvan Montelier 
 
 
 
 Trustindex verifies that the original source of the review is Google. Lo mejor de lo mejor gracias