# Mortgage Basics

FHA 203k Loans

FHA 203k loans are a type of mortgage financing that is specifically designed for homeowners who are looking to make improvements to their property. These loans, which are also known as rehabilitation loans or renovation loans, are provided by the Federal Housing Administration (FHA) and are insured by the government.

One of the key features of FHA 203k loans is that they offer a high loan-to-value ratio. This means that borrowers can finance a large portion of the cost of their home improvements with an FHA 203k loan, which can be especially helpful for those who are looking to make significant upgrades to their property.

Up to
95%
LTV - Purchase
NA
LTV - Rate & Term
NA
LTV - CASH OUT
30
Year Fixed
IO Options
County limit
Price range

Apply Now!

# Apply For FHA 203k Loan

FHA 203k Loans

Another key feature of FHA 203k loans is that they have more flexible qualification requirements than traditional mortgages. This is because the loan is insured by the government, which reduces the risk for the lender. As a result, borrowers who may not qualify for a traditional mortgage due to factors such as a low credit score or high debt-to-income ratio may still be able to obtain an FHA 203k loan.

One potential drawback of FHA 203k loans is that they may come with higher interest rates than traditional mortgages. This is because these loans are considered to be riskier by lenders, due to the unique nature of the home improvement market. However, for borrowers who are able to qualify for an FHA 203k loan, the higher loan amounts and more flexible qualification standards can make them a good option.

Apply Now
(866) 382-1466

Testimonials

"Mike Reeves was absolutely amazing. The best loan officer I could have asked for. He was there every single step of the process and answered all my questions immediately. I would HIGHLY recommend him to anyone looking to purchase! Great attitude, can do it spirit, and very k
"I recently had the pleasure of working with Lance Gebhart on my journey to becoming a first-time homeowner, and I cannot express my gratitude enough for the outstanding service he provided. From the initial stages of the homebuying process to well beyond the closing, Lance
"I had an incredible first experience with Groves Capital. I was thoroughly impressed with Kristin Howard's ability to consider all options to find solutions using her vast knowledge and experience. Despite a few challenges, she always put in the work to find a way forward be
"Very professional and spent the time and effort needed to complete the loan despite many obstacles Kristen Howard NEVER gave up and placed the loan"
"We just bought a house with the help of Chris Mishima! He was our realtor AND our mortgage broker, which are both difficult jobs separately, yet he did them both so well. The odds weren’t always in our favor, and Chris fought hard for us to get the best deal possible. We are
"Ashley was very helpful and was very pleasant to deal with!"
"Kristin was hands down the most dedicated and hard-working loan specialist I have ever witnessed. I have closed over 10 loans in the last 3 years, and Kristin was hands down the most experienced, knowledgeable and dedicated person I have ever seen. I personally had a pair

# Apply For FHA 203k Loan

Why Should You Choose Us?

We're here to make the home loan process a whole lot easier, with tools and expertise that will help guide you along the way, starting with our simple Hard Money Rate Quote.

  • Customer Focused
  • Minimal Documentation
  • In-Houses Controls
  • Best Loan Services
Apply Now
(866) 382-1466
About Image 2

# Apply Now!

Our Core Purchasing Service

Whether you’re looking to purchase a new home or refinance your existing home,Groves Capital can provide all the help you need.

Round

Bankruptcy Discharged

We know that each client has unique needs; we’ve built a reputation of being able to deliver a broad menu of options to our clients while maintaining great service and timely delivery.

Learn More
Round

FHA Loans

We know that each client has unique needs; we’ve built a reputation of being able to deliver a broad menu of options to our clients while maintaining great service and timely delivery.

Learn More
Round

Cal FHA

We know that each client has unique needs; we’ve built a reputation of being able to deliver a broad menu of options to our clients while maintaining great service and timely delivery.

Learn More
Round

Cal Hero

We know that each client has unique needs; we’ve built a reputation of being able to deliver a broad menu of options to our clients while maintaining great service and timely delivery.

Learn More
Round

Cal STRS

We know that each client has unique needs; we’ve built a reputation of being able to deliver a broad menu of options to our clients while maintaining great service and timely delivery.

Learn More
Round

FHA Streamline

We know that each client has unique needs; we’ve built a reputation of being able to deliver a broad menu of options to our clients while maintaining great service and timely delivery.

Learn More
Groves Inner Page Img 2
Round

Hybrid ARM

We know that each client has unique needs; we’ve built a reputation of being able to deliver a broad menu of options to our clients while maintaining great service and timely delivery.

Learn More
Groves-Inner-Page-Img-5 1
Round

Interest Only

We know that each client has unique needs; we’ve built a reputation of being able to deliver a broad menu of options to our clients while maintaining great service and timely delivery.

Learn More
Groves Inner Page Img 3
Round

Reverse

We know that each client has unique needs; we’ve built a reputation of being able to deliver a broad menu of options to our clients while maintaining great service and timely delivery.

Learn More
Groves Inner Page Img 4
Round

Sale Leaseback

We know that each client has unique needs; we’ve built a reputation of being able to deliver a broad menu of options to our clients while maintaining great service and timely delivery.

Learn More
Groves Inner Page Img 5
Round

Second Home

We know that each client has unique needs; we’ve built a reputation of being able to deliver a broad menu of options to our clients while maintaining great service and timely delivery.

Learn More
Groves Inner Page Img 6
Round

VA Irrrl

We know that each client has unique needs; we’ve built a reputation of being able to deliver a broad menu of options to our clients while maintaining great service and timely delivery.

Learn More
Groves-Inner-Page-Img-6 1
Round

VA Veterans Affairs

We know that each client has unique needs; we’ve built a reputation of being able to deliver a broad menu of options to our clients while maintaining great service and timely delivery.

Learn More

# Apply For FHA 203k Loan

States We Lend In

groves-capital-map

Looking for lending in a state not listed? We do lend in other states on a case-by-case scenario. Give us a call to see what we can do for you.

Apply now
(866) 382-1466