FHA 203(K) Renovation Loan Program

A FHA 203(K) renovation loan is a government loan program backed by the Federal Housing Administration (FHA) and are offered in 2 different loan types to best fit your renovation needs including the Standard 203(K) loan and the Limited 203(K) loan.

A Standard 203(K) loan is intended for homes needing major renovations, structural repairs or other changes exceeding $35,000 versus a Limited 203(K) loan is intended for simple, non-structural repairs and renovations up to $35,000.

Eligible improvements for a Standard 203(K) loan:

Covers most all renovations including minor rehabilitations, structural alterations, and reconstruction

Eligible improvements for a Limited 203(K) loan:

Roofing repairs, HVAC, plumbing and electrical repairs, deck repairs, kitchen and bath updates, new windows, siding, flooring and appliances

Freddie Mac CHOICERenovation Loan Program

The Freddie Mac CHOICERenovation loan can also be used for the financing of basic renovations and luxury items including swimming pools, detached garages and gazebos. Pool projects consisting of only pool installation, decking and/or any fencing or netting immediately surrounding the pool may be eligible for reduced documentation.

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Thomas was exceptional to work with......always friendly and easy going but always with pertinent answers....we ended up pulling a contract on one house and then finding another and he handled that transition with integrity and kindness.....we would highly recomment his services.....thank you so much....carol ann and michael

Carol Ann Walter

Steven and Benchmark Mortgage was great and a thrill to work with and wouldn't rank anyone above them.

Jonathan R.

Thomas St. John was a pleasure to work with... He understood my needs and timing and worked hard to make sure I had everything
needed so that we could go to closing much faster than I could have imagined. His follow through with details before, during, and after
the process made it a better experience. Should I ever need another loan for refinance or purchase, I will stop and shop Benchmark
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Brian K.

Nothing! Steven was extremely knowledgeable and helpful. He was ALWAYS accessible, professional, and understanding. He will be
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Barry N.

Thomas St. John is amazing! He explained everything so well and was able to work with my hectic work schedule to
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attended my closing.

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Benchmark was a fantastic company to deal with. They were always there whenever I had questions and even took
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I was very pleased working with Steven D'Antonio and the Benchmark Mortgage team. They offered a high level of
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Renovation Loan Programs

Turn your house into your dream home while enhancing its value.