This document summarizes the benefits of an FHA 203k loan program for purchasing and renovating a home. It allows buyers to finance both the purchase and renovation costs with as little as 3.5% down and more flexible credit qualifications. The program can be used for owner-occupied 1-4 unit and mixed-use properties. A 203k specialist can help buyers find a suitable property, determine renovation needs and costs, and facilitate the financing and renovation process.