Buy a fixer-upper or renovate your current home with a single loan. Arise Above Construction is your experienced 203(k) contractor, guiding you from financing to finished project.
The FHA 203(k) Rehabilitation Loan is a government-backed mortgage that allows you to finance both the purchase of a home AND the cost of renovations in a single loan. This eliminates the need for separate construction financing and simplifies the entire process.
Whether you're buying a property that needs work or want to renovate your current home, a 203(k) loan lets you borrow based on the future value of your home after improvements—giving you access to funds you might not otherwise qualify for.
2024 Program Update: HUD increased the Limited 203(k) cap from $35,000 to $75,000—the first increase in nearly 30 years. The rehabilitation period was also extended from 6 to 9 months, and consultant fees can now be included in your financing.
We understand the unique requirements and documentation needed for 203(k) projects, ensuring smooth lender approval.
Our itemized bids meet FHA standards and include everything lenders need for quick approval.
We work directly with your lender and HUD consultant to keep your project on track.
203(k) projects have strict deadlines. We complete work within required timeframes.
Fully licensed Michigan contractor with comprehensive insurance coverage required for 203(k) work.
5-star rated with 42 Google reviews. We stand behind every project we complete.
Work with a 203(k)-approved lender to determine your borrowing power. They'll explain your options and help you understand what you can afford for both purchase and renovation.
Identify a home with potential. We can help you evaluate properties and provide preliminary renovation estimates to ensure the numbers work for your budget.
We create a comprehensive, itemized bid that meets FHA requirements. For Standard 203(k) loans, we work with your HUD consultant to develop the work write-up.
Your lender reviews and approves the renovation plans. At closing, renovation funds are placed in escrow to be released as work is completed.
We start the renovation according to the approved plans. Inspections are conducted at key milestones, and funds are released in draws as work progresses.
Upon completion, final inspections ensure all work meets standards. Once approved, you can enjoy your beautifully renovated home.
Whether you're buying a fixer-upper or renovating your current home, we're here to guide you through the 203(k) process. Contact us for a free consultation and renovation estimate.