Primary Residential Mortgage
Call TODAY to speak with a Mortgage Loan Specialist (855) 474-7169

See if you qualify for a 203K Renovation Home Loan

For what type of property are you borrowing?

What is the ZIP Code of the Property?
What is the approximate loan amount?
What is your approximate credit score?
What is your name?
Last thing.
How can we contact you?
By clicking submit you are agreeing to our privacy policy and are opting in top receive text messages and or calls per our contact policy. Notwithstanding any current or prior election to opt in or opt out of receiving telemarketing calls or text messages from our agents or representatives calling on our behalf, you expressly consent to be contacted for any purposes relating to your loan at any telephone number, or physical or electronic address you have provided. By submitting your information, you agree we may contact you in any way, including SMS messages, calls using prerecorded messages or artificial voice, and calls and messages delivered using an auto dialing system or an automatic texting system. You may contact Privacy@primeres.com or Compliance@primeres.com to opt out at any time. You may also contact us by phone 1-800-255-2792 ext. 1000025
30 year mortgage rates
★ Your information is secure and never shared. Read the privacy policy.

What Is An FHA 203(k) Loan?

An FHA 203(k) loan makes the home purchase renovation and repair process much easier by combining what would normally be two different loans into one loan. Like the normal FHA Home Loan, the 203(k) is backed by the government. It’s a wonderful option for home buyers that want to buy a home and do upgrades at the same time. It can also be used as a refinance to do repairs and remodels for homes that the would-be borrowers currently reside in. A renovation loan lets you stay in your home and current neighbor at the same time providing funds to make needed repairs and improvements.

203k Loan

203k Loan

What Are The 203(k) Options And Limits?

There are two types of 203(k) loans. They are the “Full” and the “Streamlined”. The Streamlined 203(K) was designed for homes that do not need structural or foundation repairs. Its more often associated with repairs that are more cosmetic in nature. Some of the key highlights are:

The Full 203(k) is more often used for projects that are over $35,000

What Is An FHA 203(k) Loan?

The 203(k) loan is for your primary residence only. If a property is an investment property this loan can not be used. Some of the projects that it is used for are:

203k Loan

Arkansas Home Mortgages

Primary Residential Mortgage, Inc.
10121 N Rodney Parham, Suites C & D
Little Rock, AR 72227
855-474-7169
501-225-5626
NMLS # 3094
Branch NMLS # 252910
Licensed by Arkansas Securities Department 11558
PRMI Privacy Policy
PRMI Terms of Use
PRMI Consumer Voice
PRMI Licenses

Some products and services may not be available in all states. Credit and collateral are subject to approval. Terms and conditions apply. This is not a commitment to lend. Programs, rates, terms and conditions are subject to change without notice.