FHA 203(k) Mortgage

A Realtor's Guide to Renovation Financing

Turn overlooked properties into closed deals. Learn how FHA 203(k) lets your buyers finance both the purchase and renovation in a single loan — opening doors other financing can't.

What Is FHA 203(k)?

A government-backed mortgage that lets buyers finance both the

purchase price and renovation costs in a single loan.

Available as two types:

Limited 203(k)

  • Up to $35,000 in repairs
  • Cosmetic updates, minor remodeling
  • No structural changes
  • 30-day close, 45-60 day renovation

Standard 203(k)

  • No repair cap
  • Major renovations & structural work
  • Requires HUD consultant
  • Longer timeline, bigger projects

Why It Matters to Realtors

Properties that scare off conventional buyers become viable deals. Expand your inventory, close more transactions, and serve buyers others turn away.

How the Boyesen Group Helps

Not all lenders understand 203(k).

We specialize in it — guiding you and your buyers through every step so deals close smoothly.

Expert Guidance

We know the 203(k) inside and out.
From contractor requirements to HUD guidelines. You get a lending partner who anticipates issues before they arise.

Realtor Partnership

We work directly with you to identify opportunities, set expectations with buyers, and keep everyone aligned from contract to close.

Smooth Process

  • Up to $35,000 in repairs
  • Cosmetic updates, minor remodeling
  • No structural changes
  • 30-day close, 45-60 day renovation