NMLS

We encourage users to use the free NMLS Consumer Access Link to confirm that the mortgage company or mortgage professional with whom they wish to conduct business is authorized to conduct mortgage business in their state.

FHA Home Improvement Refinance Loan

An FHA Loan is now the most popular loan for First Time Home Buyers.

An FHA Home Improvement Refinance Loan is a government-backed financing option designed to help homeowners renovate or repair their properties while refinancing their existing mortgage. This type of loan, insured by the Federal Housing Administration (FHA), allows borrowers to access funds for home improvements without needing a separate loan, often resulting in a lower interest rate and a more manageable monthly payment. One popular FHA refinance option for home improvements is the FHA 203(k) loan, which combines the cost of home renovations with the mortgage. This loan is ideal for homeowners looking to repair structural issues, upgrade outdated features, or improve energy efficiency. There are two types: the Standard 203(k) for major renovations and the Limited 203(k) for minor repairs up to $35,000. Another option is the FHA Cash-Out Refinance, which enables homeowners to borrow against their home's equity and use the funds for improvements. This option is suitable for those with sufficient home equity and looking for flexibility in how they use the funds. FHA home improvement refinance loans offer benefits such as lower credit score requirements, competitive interest rates, and a low down payment, making them an accessible choice for homeowners seeking to enhance their properties affordably..

Some of these features include:

Lower Credit Scores

Little (or No) Down-Payment Programs

Gifts can be used as the down payment

No Income Limits

'Good Neighbor Next Door' Programs

'Home Path Ready Buy Programs' to purchase previously foreclosed homes.
Energy-efficient mortgage FHA Loan Program and allows borrowers to combine the cost of energy-efficient upgrades into their FHA Loan loan upfront(without a larger down payment.)
FHA 203k Loans An FHA Backed Loan that lets you purchase a 'Fixer-Upper' home and borrow the money you may need up-front to pay for home improvement projects.

The important step in purchasing a new home is to get an FHA Pre-Approval Letter for a home loan. The peace of mind that comes with knowing that your mortgage loan has been approved will allow you to shop for your new home with confidence. And when you are ready to make an offer, the fact that you have already been pre-approved for your loan amount will give the seller confidence in you as a buyer.

FHA Loan Information

Note- The FHA (Federal Housing Administration) does not lend money. The FHA is part of HUD & backs individual FHA Approved Lenders.

Our mission is to help you find the best FHA Approved Lender who can help you secure financing.

When you fill in our short application we will provide your information to one, (and only one) FHA Approved Lender who can help you based upon many factors, including your State, the type of FHA Loan, and your Credit History.

FHA News 2025

The FHA Weekly mortgage demand surges 11% higher, as interest rates dropped for the sixth straight week. The FHA is part of HUD & backs individual FHA Approved Lenders.

HUD Announces Changes to FHA Multifamily Mortgage Insurance Programs Home Loan: FHA to increase individual loan proceeds available to create new or refinance existing affordable multifamily rental properties and create new or substantially rehabilitate properties that provide rental opportunities for middle-income individuals and families.

FHA Proposes Looser Boarder Income Requirements For Qualifying Borrowers:These proposed changes include reducing the acceptable rental income history from two years to 12 months and expanding the types of acceptable income verification documentation

Down payment assistance programs remain underutilized, despite high eligibility among borrowers:the Quarterly Report to Congress from the U.S. Department of Housing and Urban Development (HUD) on the Federal Housing Administrations Single-Family Mutual Mortgage Insurance Fund, only 58.46% of the loans the agency endorsed were originated without the borrower receiving help for a down payment,