Home Improvement Loan
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Benefits of an FHA 203k Home Improvement Loan
![Purchase an Older Home Purchase an Older Home](https://geqfinance.com/clients/7850/uploads/2020/04/home-improvement-1.png)
Purchase an Older Home
For buyers looking to buy and remodel or repair an older home in poor or less-than-ideal condition, an FHA 203k home improvement loan is a great way to secure a new residence or future investment.
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More Buying Options
FHA 203k home improvement loans can help you expand your search to include homes you otherwise would be unable to afford.
![Affordability and Simplicity Affordability and Simplicity](https://geqfinance.com/clients/7850/uploads/2020/04/affordability-1.png)
Affordability and Simplicity
When you fold renovation costs into your mortgage, you simplify the borrowing process and put a cap on closing costs.
![Cash-Out Cash-Out](https://geqfinance.com/clients/7850/uploads/2020/04/refinance-1-1.png)
Cash-Out
FHA 203k home improvement loans allow for a mortgage balance that exceeds the home’s value and let borrowers cash-out up to $35,000.