203(k) LIMITED


If you’ve been passing up buying a home because it requires cosmetic repairs,  FHA has a renovation program that provides funds for repairs and / or upgrades.

Not to be confused with the FHA Standard 203(k) program, the Limited 203(k) eliminates much of the paperwork and simplifies the process to obtain rehab funds.  The primary function of the limited 203(k) program is to aid with those cosmetic or minor repairs (repair or replace, NO Structural repairs)



The FHA Standard 203(k) renovation loan, allows buyers the ability to finance major or minor upgrades on a home without having to get the work done before closing.  Borrowers cannot purchase a home needing major repairs (ex. Foundation repairs, any minimal property requirements, or large projects over 35k), without a renovation loan to roll these costs in.


The Fannie Mae Homestyle Renovation loan is our standard renovation program for the conventional borrower (up to *97% Loan To Value).  With this program you can perform all of the same renovations as with the FHA 203(k) loan, but without all of the limitations FHA guidelines has.

*Contact us for details


The FHA 203(k) & FNMA Homestyle Renovation loans are the best renovation loan programs out today. Not many lenders fully understand how to orchestrate or manage, before & after closing.  Primary Residential Mortgage has a fully staffed, dedicated team to help you from beggining to end.


Primary Residential Mortgage, has multiple professionals nationwide that total hundreds of years’ worth of experience, to make your loan closing go as smooth as possible, and close on time.


Requiring as little as 3.50% down, one of these programs can be used for a purchase or a refinance, and allows additional funds for repairs and improvements to be included in the financed loan.


Primary Residential Mortgage, Inc.

Attn: Renovation Center

1220A East Joppa Road  |  Suite 118

Towson  |  MD 21286

NMLS 202988


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