What Is an FHA 203(k) Loan? | 2MG

An FHA 203(k) finances purchase and renovations in one loan. Compare Limited vs Standard 203(k) with The 2 Mortgage Guys.

What Is an FHA 203(k) Loan? | 2MG

An FHA 203(k) finances purchase and renovations in one loan. Compare Limited vs Standard 203(k) with The 2 Mortgage Guys.

What Is an FHA 203(k) Loan?

What 203(k) Can Finance

Limited vs Standard 203(k)

Who It Fits

How a 203(k) Loan Moves From Offer to Renovation

Keep Exploring

Frequently Asked Questions

Ready to Start a 203(k) Conversation?

LOAN PROGRAMS

CLIENT BENEFITS

MORE PAGES

An FHA 203(k) loan lets you finance the purchase (or refinance) of a home PLUS eligible renovations in a single mortgage. Limited 203(k) covers smaller cosmetic and non-structural work; Standard 203(k) handles larger rehab including structural repairs. Ryan and Steve help Indiana buyers compare Limited vs Standard and map the renovation budget into the loan.

One loan covers the home and the rehab — so you are not juggling a purchase mortgage plus a separate construction loan.

The right path depends on scope, timeline, and how much structural work the property needs.

203(k) works best when you have a clear vision for the property and a realistic rehab budget.

Planning the rehab early keeps your closing timeline realistic and your contractor ready to start.

Step

Related guides to help you compare options and move toward pre-approval.

2MG Daily

Recent articles from our blog on renovation financing and FHA rehab programs.

No related blog posts yet. Check back soon for the latest updates.

Ryan & Steve will walk through your renovation scope, compare Limited vs Standard 203(k), and map the rehab budget into one loan — before you write the offer.

Steve DeLon and Ryan Minick - Branch Managers and Senior Loan Officers at .

Follow Us On

Contact

Ryan Minick NMLS# 203249

Steve DeLon NMLS# 202876

NMLS#

1221 Appletree Lane, Kokomo, IN 46902

The 2 Mortgage Guys logo

Loan Programs
Client Benefits
More Pages

setMobileMenuOpen(!mobileMenuOpen)}>

window.open('https: Renovation Loans What 203(k) Can Finance One loan covers the home and the rehab — so you are not juggling a purchase mortgage plus a separate construction loan. Limited vs Standard 203(k) The right path depends on scope, timeline, and how much structural work the property needs. Who It Fits 203(k) works best when you have a clear vision for the property and a realistic rehab budget. How a 203(k) Loan Moves From Offer to Renovation Planning the rehab early keeps your closing timeline realistic and your contractor ready to start. Keep Exploring Related guides to help you compare options and move toward pre-approval. 2MG Daily Related Blog Posts Recent articles from our blog on renovation financing and FHA rehab programs. {blogLoading ? ( ) : blogError ? ( Try Again

navigate('/blog')} className="px-5 py-2.5 rounded-xl text-[#020617] text-sm font-semibold transition-all active:scale-[0.98]" style= >Visit Our Blog

navigate('/blog')} className="px-6 py-3 rounded-xl text-[#020617] text-sm font-semibold transition-all hover:shadow-[0_0_20px_rgba(30,205,241,0.25)] active:scale-[0.98]" style= >View All Posts

setOpenFaq(openFaq === i ? null : i)} className="w-full flex items-center justify-between gap-4 px-5 py-4 text-left transition-all active:scale-[0.99]">

} className="flex items-center gap-2 cursor-pointer"> The 2 Mortgage Guys
} className="text-sm font-medium transition-colors hover:text-white text-white/60">Meet The Team
} className="text-sm font-medium transition-colors hover:text-white text-white/60">Contact Us
setProgramsOpen(false)} className="block w-full text-left px-4 py-2.5 text-sm transition-colors hover:bg-white/[0.05] text-white/80">
} className="block w-full text-left px-4 py-2.5 text-sm transition-colors hover:bg-white/[0.05] text-white/80">
} className="text-sm font-medium transition-colors hover:text-white text-white/60">OUR BLOG
setClientBenefitsOpen(false)} className="block w-full text-left px-4 py-2.5 text-sm transition-colors hover:bg-white/[0.05] text-white/80">
setMoreOpen(false)} className="block w-full text-left px-4 py-2.5 text-sm transition-colors hover:bg-white/[0.05] text-white/80">
} className="block w-full text-left text-sm font-medium py-2 text-white/80">Meet The Team
} className="block w-full text-left text-sm font-medium py-2 text-white/80">Contact Us
setMobileMenuOpen(false)} className="block w-full text-left text-sm font-medium py-2 text-white/80">
} className="block w-full text-left text-sm font-medium py-2 text-white/80">
} className="block w-full text-left text-sm font-medium py-2 text-white/80">OUR BLOG
} onBlur= >Skip to main content
} className="hover:text-[#1ecdf1] transition-colors">Home
} className="hover:text-[#1ecdf1] transition-colors">FHA Loans
} className="px-8 py-4 rounded-xl text-sm font-semibold border border-[#1e293b] text-[#e2e8f0] transition-all duration-200 hover:bg-white/[0.05] active:scale-[0.98]">Renovation Loans
} className="group rounded-2xl border border-[#1e293b] bg-[#0f172a] p-6 transition-all duration-200 hover:border-[#1ecdf1]/40 hover:-translate-y-1 active:scale-[0.98]">
} className="px-8 py-4 rounded-xl text-sm font-semibold border border-[#1e293b] text-[#e2e8f0] transition-all duration-200 hover:bg-white/[0.05] active:scale-[0.98]">Contact Us
Facebook
Twitter / X
Instagram
YouTube
TikTok
LinkedIn
Privacy Policy
Terms of Service
(765) 450-8933
} className="w-full sm:w-auto inline-flex items-center justify-center gap-2 px-5 py-3 rounded-lg text-sm font-bold transition-all active:scale-[0.98]" style= > Get Started