FHA 203(k) Limited Renovation
A Mortgage With Renovation In Mind
Enhance your home from the start with a limited fund that adds home improvement costs into your new mortgage.
FHA 203(k) Limited Renovation Program
Program Highlights
- Total renovation costs not to exceed $75,000
- Renovation period must not exceed 6 months
- 1-4 Single family structure and planned unit developments (PUDs) are eligible
- Must be for a purchase or limited cash-out of a primary residence
The Process for Homebuyers
- Once the homebuyer is under contract, they must provide the renovation bid to their Mortgage Banker.
- SouthState will process, underwrite, and close the loan. We will also fund the transaction.
- SouthState will submit the loan and renovation plans to FHA for endorsement.
- Your renovation project kicks off!
Have More Questions?
Find a Mortgage Banker Near YouGet Started
All loans are subject to credit approval.
