FHA 203(k) Renovation Loans in NC & SC
The FHA 203(k) loan lets buyers in North Carolina and South Carolina purchase a home and finance repairs or renovations into a single mortgage — with just 3.5% down.
Two Types of 203k LoansLimited 203k — Up to $35,000 in non-structural repairs (paint, flooring, appliances, minor kitchen/bath updates)
Standard 203k — $35,000+ in repairs, including structural changes, additions, and major rehab
Program Highlights3.5% down payment
Purchase price + rehab rolled into one loan, one closing
620+ credit score
Owner-occupied primary residence
30-year fixed rate
Can include 6 months of mortgage payments during rehab (standard 203k)
Eligible ImprovementsKitchens and bathrooms
Roof, HVAC, plumbing, electrical
Flooring, paint, windows
Additions and structural repairs (standard 203k only)
Accessibility improvements
Energy-efficient upgrades
Great For Buying Fixer-Uppers In
Charleston, North Charleston, Summerville, Ladson, Goose Creek, West Ashley, James Island, Myrtle Beach, Columbia, Greenville, Charlotte, Raleigh, Durham, Asheville, Wilmington.
Start Your 203k
Call (843) 376-6213 or apply online. We’ll walk you through the 203k process — from consultant selection to draws to final inspection.