FHA 203(K) RENOVATIONS
How FHA 203(k) renovation loans work, what your contractor does, and how Eliteco Builders handles these projects in Philadelphia.
FHA 203(k) Renovations Explained for Philadelphia Homebuyers
An FHA 203(k) renovation loan lets you buy a home and roll the cost of repairs into one mortgage. Here is how it actually works in plain terms.
Read GuideLimited vs. Standard 203(k): How the Two Paths Differ
The Limited 203(k) handles smaller jobs. The Standard 203(k) handles structural and major work. The path you take changes how the project runs.
Read GuideWhat Your 203(k) Contractor Actually Does (and What They Don't)
A 203(k) contractor writes the bid, sequences the work to the draws, runs permits, and closes out the job. The contractor does not lend or give financial advice.
Read GuideHow to Read a 203(k) Contractor Bid
A good 203(k) bid is line-itemed, tied to the scope, and structured for the draw schedule. Here is how to read one without getting lost.
Read GuideHow Draws and Payments Work on a 203(k) Project
203(k) money releases in draws tied to completed, inspected work. Here is how the milestones, the reserve, and the closeout fit together.
Read GuideBuying a Philadelphia Rowhome That Needs Work With a 203(k)
Older Philadelphia rowhomes are exactly the kind of property the 203(k) program was built for. Here is what to look for and what to expect.
Read GuideUsing a 203(k) on a Philadelphia Duplex
A 203(k) renovation loan can be used on a one- to four-unit home where you live in one unit. Here is how the bid and draws work on a Philadelphia duplex.
Read GuideHow to Choose a 203(k) Contractor in Philadelphia
A 203(k) contractor needs the right registration, insurance, bid format, and permit experience. Here is what to check before you hire one in Philadelphia.
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