FHA 203(K) Renovation Loan
Overview
Looking to buy a fixer-upper in Indiana or update an older home? An FHA 203(k) Renovation Loan from Supreme Lending lets you purchase and renovate a property with a single mortgage. You can roll the cost of improvements—big or small—into your loan and create the home you’ve always envisioned.
Key Features
✔ One Loan, One Closing – Finance the Indiana home purchase and renovation costs in one convenient loan.
✔ Low Down Payment – As little as 3.5% down, just like a standard FHA loan.
✔ Flexible Renovation Options – From kitchen remodels to full structural updates, you can finance a wide range of improvements.
✔ Competitive Interest Rates – Take advantage of FHA’s attractive mortgage rates for Indiana homebuyers.
Eligible Renovations
✔ Kitchen and bathroom remodels
✔ Roofing, flooring, and energy-efficient upgrades
✔ Room additions or structural repairs
✔ Accessibility modifications and more
Eligibility & Guidelines
✔ Minimum credit score typically 580.
✔ Property must be your primary residence in Indiana.
✔ Work must be performed by licensed contractors approved by the lender.
✔ FHA limits apply to total loan amount.
Ideal For
✔ Homebuyers purchasing a Indiana fixer-upper.
✔ Owners wanting to refinance and renovate their current Indiana property.
✔ Buyers seeking an affordable way to customize a home in the competitive Indiana market.
Why Supreme Lending
At Supreme Lending, Tevis Durbin is committed to making the mortgage process feel clear, personal, and manageable from start to finish. Whether you are buying your first home, refinancing, investing, or exploring a more specialized loan option, Tevis can help you compare available programs, understand your next steps, and move forward with confidence.
With Supreme Lending’s wide range of home financing solutions and a team focused on responsive service, you will have support designed around your goals, your timeline, and your financial picture.
Contact us to explore all your loan and down payment assistance options
and start your path to homeownership today.