What is FHA 203(k)

The Section 203(k) program is the department's primary program for the rehabilitation and repair of single family properties, basically, a home improvement loan. The standard 203K program is for repairs exceeding $35,000 and is often the choice in a house that needs major rehabilitation work. They also offer a streamline loan program for simple repairs under $35,000. The streamline loans are typically easier to obtain and do not require a FHA consultant.

Benefits of 203(k)

  • As little as 3.5% down payment required
  • The 203K program allows you to obtain one guaranteed mortgage loan to purchase and renovate your new home.
  • Why pay a premium for a home in perfect condition when you can purchase foreclosures for great prices and put YOUR STYLE into the new home?
  • Homes that are in need of repair or flaws that do not meet current codes- A 203k allows you to:

Elgible Repairs and Improvements

The Streamlined 203K loan allows for simple repairs that can be easily estimated and completed. Here is an approved list of repairs/ improvements from HUD:
  • Roofs, gutters, and downspouts
  • HVAC systems (heating, venting and air conditioning)
  • Plumbing and electrical
  • Flooring: carpet, tile, wood, etc.
  • New windows and doors
  • Weather stripping & insulation
  • Improvements for persons with disabilities
  • Energy efficient improvements
  • Weather stripping & insulation
  • Repairing & Replacing Decks, patios, porches
  • Basement Remodeling and waterproofing
  • Appliance Replacement

Approved FHA 203(k) Contractor Benefits to using Top To Bottom Construction

We are a 203K Certified Contractor and an approved contractor for many banking institutions in Cook, Dupage, Lake, Kane, and McHenry Counties of Illinois.
  • We understand the 203K process and can complete your project in a timely manner.
  • We have advisors on staff to help in designing your new home.
  • We offer solid estimates that meet the requirements of lenders and eliminate surprises after the project starts.
  • We pride ourselves on quality craftsmanship, excellent communication throughout the entire project and are always available to the customer.
  • We offer the best warranties in the industry, 2 Years on any products and material we supply and a Limited Lifetime Warranty on Workmanship. See store for more details.
  • We are an experienced Remodeling & Construction company with a staff with experience that encompasses design, Engineering, Mold Certification, EPA Lead Remediation Certification, and EPA Refrigerant Certification


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Special Financing Available

Need financing for your next project? No problem. We have partnered with GreenSky® Trade Credit to bring you exclusive financing options that are flexible and affordable.

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