FHA 203k Renovation Loans in Utah
Buy the home you want and finance the repairs you need — all in one loan. The FHA 203k program lets you roll renovation costs directly into your mortgage.
What Is an FHA 203k Loan in Utah?
An FHA 203k loan in Utah is a government-backed home renovation loan that allows you to purchase (or refinance) a home and include the cost of repairs and improvements in a single mortgage. Instead of getting a separate construction or personal loan for renovations, everything is wrapped into one FHA-insured loan — making it one of the most popular home renovation loans in Utah.
This is ideal for Utah buyers who find a home with great potential but needs work — whether it's cosmetic updates or major structural repairs. There are two versions of the program: Standard 203k and Streamline 203k, each designed for different levels of renovation.
Standard vs. Streamline 203k
Standard 203k
- Requires HUD consultant work write-up
- Minimum $5,000 in repairs
- No maximum (up to 110% of appraised value)
- Escrowed payments up to 6 months allowed
- 1 general contractor required
- 1–5 draws during renovation
- Structural improvements allowed
- Health/safety, pools, and major landscaping
Streamline 203k
- No inspection requirements
- No minimum repair amount
- Maximum $35,000 total rehab cost
- No escrowed mortgage payments
- Up to 3 contractors allowed
- 2 draws per contractor
- Covers FHA minimum property standards
- Roof, HVAC, plumbing, electrical, flooring, painting, windows
Both Programs Share
Eligible Repairs
Standard 203k Covers
- • Structural additions and alterations
- • Room additions and second stories
- • Foundation and structural repairs
- • Health and safety improvements
- • Swimming pools and outdoor improvements
- • Major landscaping projects
- • Accessibility modifications
- • Complete kitchen and bath renovations
Streamline 203k Covers
- • Roof repair or replacement
- • HVAC system upgrades
- • Plumbing and electrical work
- • New flooring throughout
- • Interior and exterior painting
- • Window and door replacement
- • Appliance upgrades
- • Weatherization improvements
Why Choose a 203k Loan in Utah?
The FHA 203k program opens the door to homes that other Utah buyers pass over. Instead of competing for move-in-ready properties, you can buy a fixer-upper at a lower price and finance the repairs you need — all in a single loan with one monthly payment.
You don't need to qualify for a separate construction loan or drain your savings on renovations after closing. The 203k wraps everything together, making it easier and more affordable to create the home you actually want.
With only 3.5% down on the total project cost and flexible credit requirements, the FHA 203k is one of the most accessible home renovation loans in Utah's competitive housing market.
Considering a different renovation approach? Compare the HomeStyle Renovation Loan or explore standard FHA loan options. First-time buyers may also qualify for Utah down payment assistance programs.
Ready to Renovate?
Let us walk you through the 203k process and help you find the right renovation loan for your project.
Start Your 203k ApplicationQuestions about renovation loans?
(801) 820-7620Pro Tip: Start with a contractor estimate before applying. Knowing your renovation scope helps us match you with the right 203k program — Standard or Streamline.