Kansas City, MOVA mixed-use
A home and a business in one closing
Live upstairs, run the business downstairs. $0 down and the seller covered all closing costs.
Closed in 21 days
Home › Loan options › 203(k) renovation
FHA 203(k) renovation loans
Buy a fixer-upper and finance the renovation in the same mortgage.
1loan for purchase + repairs
3.5%down payment with FHA
Limited / Standardfor small or larger projects
For eligible borrowers. Programs, terms and availability vary by lender and can change — ask Craig for current details.
Who it fits
- Buyers who see potential in an older home
- Owners who want to renovate instead of move
- Investors in owner-occupied 2–4 units
Good to know
- Work is done by licensed contractors and paid out in draws.
- Standard 203(k) projects use a HUD consultant.
- Plan for a contingency reserve in the budget.
How it works
From first call to keys
Talk to Craig
A 15-minute call about your goals, timeline and budget. No credit pull, no pressure — just straight answers.
Get pre-approved
Apply online in about ten minutes. Craig compares lenders and programs and sends you a pre-approval you can shop with.
Close on time
Craig keeps you, your agent and title in the loop every week, and gets you to the closing table — often in 21 days or less.
Closed with Craig
Recent closings like yours
Real loans Craig closed — what the buyer needed and how it came together.
Kansas City, MO
Dallas, TXVA purchase
His own baby brother
Guided him through his first home, paid off both cars and set him up with home equity.
Debt-free startBuyer’s agent @kee.sells.houses
Kansas City, MO1% down
Paying less than rent
A retired school teacher bought with just 1% down — and funded 10 days before closing.
Funded earlyBuyer’s agent @kee.sells.houses
Payment calculator
Estimate your monthly payment
Estimated monthly payment
$0/mo
- Principal & interest
- Property tax
- Insurance
- Mortgage insurance
- Loan amount
Illustration only — not a quote. VA shows the funding fee financed (2.15% first use) and no monthly MI; FHA uses 1.75% upfront and 0.55% annual MIP; conventional MI is estimated at 0.5%/yr under 20% down. Ask Craig for real numbers on your scenario.
FAQ
203(k) renovation: common questions
What can I renovate?
Kitchens, baths, roofs, flooring, HVAC, accessibility and more. Luxury items like pools are excluded.
Can I do the work myself?
Generally no — lenders require licensed contractors.
How long does it take to close?
Most loans close in about 21–30 days. Some of Craig’s recent clients closed a purchase in 9 days and a refinance in 4 days when the file was ready — every file is different.
How much do I need for a down payment?
It depends on the program. VA, USDA and physician loans can be zero down for eligible borrowers, FHA starts at 3.5%, and some conventional programs start at 3% — or 1% with lender-paid assistance for income-qualified buyers. Down payment assistance can cover part or all of it.
Compare
All loan optionsOther options worth a look
VA loans$0 down, no PMI and limits on closing costs for veterans, active-duty service members and eligible surviving spouses.
VA one-time close constructionBuy the land and finance construction in a single closing — with participating lenders, no payments for up to 11 months while the home is built.
Physician loansLittle or no down payment, no PMI and student loans treated fairly — for doctors, dentists, pharmacists, vets, residents and fellows.
Need a human touch?
Craig picks up.
Call, text or book 15 minutes. You will talk to Craig — not a call centre.