Detroit 203K Renovation Loans

A 203K loan lets you finance the purchase or refinance of a home AND the cost of renovations in a single FHA-backed mortgage. You can put as little as 3.5% down. It is one of the best programs for buying and renovating Detroit homes.

203K Limited allows up to $35,000 in non-structural improvements (kitchens, baths, paint, finishes). 203K Standard allows major structural work, additions, and full rehabs with no upper limit beyond the loan amount.

Most 203K closings take 45–60 days from accepted offer to keys. We start the scope and pricing work during the inspection period so you are not the bottleneck.

FHA requires the contractor to be approved, bonded, and licensed. We are. We also know how to write scopes that pass the consultant review on the first round, which saves weeks.