FHA 203k Loans are government insured loans for potential homebuyers who are looking to purchase and renovate a home.
Because of the complex nature of these loans, they frequently require complex coordination between the home-buyer, the bank providing the loan, the contractor executing the renovations, and often a consultant hired to evaluate the needs of the project and report to the bank.
Breaking Ground has worked on several FHA 203k Loan projects in the past and can both advise on navigating that process as well as execute as the contractor while navigating the complex coordination involved.
If you are looking to get an FHA 203k Loan, or are already in the process of getting one, please reach out to set up a meeting to discuss your project.
Please also note that because of the nature of FHA 203k Loans we have often found that the earlier we are able to join the process, the more we are able to help the homebuyer set an appropriate scope of work for their budget. This prevents needing to adjust the loan later on, which can often be a tiresome and expensive process.