Academy Mortgage


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916-932-2480
2998 Douglas Blvd, #300
Roseville, California 95661

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FHA 203(k) Renovation Loans

Purchasing a home in need of major repair or planning a remodel of your existing home can be overwhelming. But securing financing to tackle these projects doesn’t have to be a daunting task.

FHA 203(k) Renovation Loans are designed for people wanting to finance both the mortgage to purchase or refinance a fixer-upper and the funds needed to repair and remodel the property all in a single loan with one application, one closing, and one monthly payment. The loan amount is determined by using the after-improved value; a borrower can receive up to 110% of the after-improved value up to the FHA loan limit.

An FHA 203(k) Renovation Loan can be used to purchase or refinance a primary residence, regardless of property condition. A minimum of $5,000 in eligible repairs is required, from upgrading appliances to scrapping a property and rebuilding (no luxury improvements, like pools, are allowed).

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Academy soars ahead of the industry by continuously delivering the Gold Standard in customer service. Our Loan Officers are easy to access and provide timely response, clear communication, and absolute follow-through. Our long tradition of customer satisfaction with our Realtor, Builder, and other Partners is affirmed year-after-year in our quarterly Partner Satisfaction Surveys.