Condo Renovation Loans

Yes — renovation loans work for condos. The FHA 203k Limited can finance interior renovation of a condo unit in an FHA-approved project: kitchen, bath, flooring, paint, appliances, and systems within the unit.

The boundaries matter: work is limited to the interior of your unit (nothing structural, nothing on common elements the HOA owns), and the project itself must carry or obtain FHA approval. Conventional HomeStyle offers similar interior-renovation flexibility where FHA project approval is a hurdle.

Dated condos are chronically discounted relative to renovated units in the same building — often by more than the renovation costs. That spread is the opportunity.