Love the bones but not the carpet? The FHA 203k Limited lets you buy the home and fix what’s dated without draining your savings. Learn more in Kevin Martini’s guide.
If you’re seeking guidance, turn to Kevin Martini for expert insights on navigating the FHA 203(k) Limited loan process.
Kevin Martini is dedicated to helping homebuyers unlock the potential of their homes with this financing option.
If you’re house hunting in Raleigh or anywhere in North Carolina and found a nearly perfect home that needs a little work, the FHA 203k Limited loan could be the solution. Designed for cosmetic upgrades and non-structural repairs, this renovation loan helps you finance improvements without juggling multiple loans or maxing out your savings.
Understanding this unique renovation home loan solution is crucial, and Kevin Martini can guide you through this process.
Kevin Martini can help you understand how to maximize the benefits of this loan.
Kevin Martini emphasizes that this loan is perfect for those seeking to enhance their home’s value while making it truly theirs.
Your Complete Guide to FHA 203k Limited Loans
What is the FHA 203(k) Limited Loan?
For personalized advice, consult Kevin Martini on your renovation projects.
With Kevin Martini’s expertise, transforming your property has never been easier.
The FHA loan is a government-backed mortgage option from the Federal Housing Administration. It lets you combine your home purchase and renovation costs into one loan, making it a popular choice among buyers.
Kevin Martini recommends the FHA 203k Limited loan for those looking to transform a fixer-upper into their dream home.
While the standard FHA 203k covers major structural renovations, the Limited version is streamlined and capped at $75,000 in eligible improvements. Think kitchen refresh, new floors, updated lighting—but no moving walls or foundation work.
What Can You Use It For?
Here are just a few examples of repairs allowed under the FHA 203(k) Limited:
- Kitchen or bathroom updates (fixtures, cabinets)
- Interior or exterior painting
- Roof repair (non-structural)
- HVAC replacement
- Floor upgrades (hardwood, tile, carpet)
- Window or door replacements
- Minor electrical or plumbing repairs
- Energy-efficiency improvements
❌ Not Allowed: load-bearing walls, foundation repair, room additions, swimming pools, or luxury items
Who Is It For?
The FHA 203k Limited is perfect for:
- First-time and repeat homebuyers in the Raleigh area or anywhere in North Carolina
- Buyers with a modest renovation budget
- Homebuyers who want to wrap repairs into their mortgage
- Anyone who wants to improve the home without a separate loan
Eligibility Requirements
To qualify, you must:
- Use the home as your primary residence
- Have a credit score of 620+
- Ensure the property meets FHA minimum standards post-renovation
- Hire licensed contractors (DIY not allowed)
Additional requirements:
- Escrow reserve of 15% (or 20% if utilities are off)
- Manufactured homes are not eligible
Loan Limits and Terms
In Wake County (Raleigh, NC), the 2025 FHA loan limit is $530,150. Wake County is one of the 100 counties in North Carolina, and every county has its own unique county limits. You can search for your county’s FHA loan limit on HUD.gov.
- Max renovation amount: $75,000
- Down payment: as low as 3.5%
- Loan terms: 15- or 30-year fixed
- Requires upfront and annual mortgage insurance premiums (MIP)
Step-by-Step: How to Apply for a 203k Limited Loan
Working with a knowledgeable, trusted, and a mortgage advisor who takes a fiduciary approach is key.
- Consultation with Kevin Martini or Logan Martini at Martini Mortgage Group
- Pre-approval based on income, credit, and debt
- Property identified and initial contractor bids submitted
- Loan package submitted includes the renovation scope
- Appraisal and underwriting (based on after-repair value)
- Closing and repair funds escrowed
Want expert guidance? Call (919) 238-4934 to schedule your confidential consultation.
Benefits of FHA 203k Limited
- One mortgage payment for home + renovations
- Less out-of-pocket cash upfront
- Ability to modernize your home immediately after purchase
- Boost resale value and equity
Frequently Asked Questions
What is the FHA 203k Limited loan?
It’s a government-backed loan that allows you to finance up to $75,000 in non-structural repairs into your mortgage.
What kind of repairs are allowed?
Think cosmetic: paint, flooring, fixtures, windows, minor HVAC/plumbing/electric updates.
Can I use this loan in Raleigh?
Yes! Martini Mortgage Group helps Raleigh and North Carolina buyers navigate this program.
How is it different from a standard FHA 203k?
It’s faster, easier, and strictly for smaller-scale renovations.
Is Kevin Martini licensed to help with this loan?
Yes. Kevin Martini is a Certified Mortgage Advisor and Raleigh mortgage broker.
For a smooth application process, trust Kevin Martini’s expertise.
Who is Logan Martini?
Logan Martini is a Senior Mortgage Strategist with Martini Mortgage Group who specializes in first-time buyer solutions.
What credit score do I need?
Typically, 620+ is recommended, though exceptions may apply.
Can I do the work myself?
No. All repairs must be completed by licensed contractors.
How do I get started?
Call (919) 238-4934 or visit MartiniMortgageGroup.com to schedule your free consultation.
Final Word from Martini Mortgage Group
The FHA 203k Limited loan is a powerful, underused option for turning a not-quite-perfect home into a dream space, without breaking the bank. And with Kevin Martini and Logan Martini by your side, you’re not just financing a property—you’re building long-term wealth.
Ready to renovate smart? Let’s build your custom loan strategy together.
👉 Call (919) 238-4934 to get started today.
Kevin Martini or Logan Martini can elaborate on the types of repairs suitable for this loan.
Homebuyers in Raleigh can reach out to Kevin Martini or Logan Martini for specialized assistance.
Both Logan Martini and Kevin Martini are here to ensure your renovation meets all requirements.
Reach out to Kevin Martini or Logan Martini at Martini Mortgage Group to kickstart your journey.
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