03/12/2026
ποΈ Thinking about buying a fixer-upper in Rochester?
You might not need a ton of cash to renovate it. A FHA 203(k) Loan allows you to buy a home AND finance the repairs in one mortgage through the Federal Housing Administration.
Hereβs how it works π
π Step 1: Find a home that needs some love
π Step 2: Get contractor estimates for the repairs
π Step 3: Your lender rolls the purchase price + renovation costs into ONE loan
π Step 4: Renovations are completed after closing
β Low down payment (as little as 3.5%)
β Great for older homes
β Perfect if you want to build equity quickly
In a market like Rochester where many homes have character (and sometimes outdated kitchens or roofs), this program can be a huge opportunity for buyers.
Curious if a 203k rehab loan could work for you? Send me a message β Iβm happy to walk you through it!