9 Best FHA 203(k) Mortgage Lenders of December 2025
Last updated on January 2, 2025
Written by
Lead Writer & Content StrategistEdited by
Editor & Content StrategistFact Checked
Fact Checked
Written by
Lead Writer & Content StrategistEdited by
Editor & Content StrategistFact Checked
Fact Checked
Many or all of the products on this page are from partners who compensate us when you click to or take an action on their website, but this does not influence our evaluations or ratings. Our opinions are our own.
Home buyers can use an FHA 203(k) loan to purchase and renovate a house with the same mortgage — or, in the case of an existing home renovation, you can refinance and pay off home improvements within your monthly mortgage payment.
Why trust NerdWallet
Why trust NerdWallet
- 50+ mortgage lenders reviewed and rated by our team of experts.
- 40+ years of combined experience covering mortgages and financial topics.
- Objective, comprehensive star rating system assessing 120+ categories and 5,000+ data points.
- Governed by NerdWallet's strict guidelines for editorial integrity.
Why trust NerdWallet
Why trust NerdWallet
- 50+ mortgage lenders reviewed and rated by our team of experts.
- 40+ years of combined experience covering mortgages and financial topics.
- Objective, comprehensive star rating system assessing 120+ categories and 5,000+ data points.
- Governed by NerdWallet's strict guidelines for editorial integrity.
9 Best FHA 203(k) Mortgage Lenders of December 2025
Have you or your spouse served in the military?
We’ve got more home loan options for you. Show me
Lender | NerdWallet Rating | Min. credit score | Min. down payment | Learn more |
|---|---|---|---|---|
N/A | 0% | |||
500 | 3.5% | |||
N/A | 3.5% | |||
540 | 3.5% | |||
520 | 3.5% |
New American Funding: Best for fast closings
- Why we like itNew American Funding is a major FHA lender, with a focus on this loan type, but its average FHA rates and fees are less competitive than some lenders.Pros
- FHA loans make up a large share of New American's total home loans.
- Major FHA lender, by loan volume.
- Offers a strong variety of FHA loan types for purchase and refinance.
ConsRead full review- FHA mortgage rates are on the high side.
- Average FHA origination fees are on the high side.
- Personalized mortgage rates are not available on the website without providing contact information.
CrossCountry Mortgage: Best for borrowers with bad credit
- Why we like itCrossCountry is a major FHA lender by loan volume, with options for a variety of FHA loan borrowers. FHA rates and fees may be higher than you'll find at other lenders.Pros
- Major FHA lender, by loan volume.
- Offers a strong variety of FHA loan types for purchase and refinance.
ConsRead full review- Average FHA origination fees are on the high side.
- Average FHA interest rates are higher than competitors.
Wintrust Mortgage: Best for variety of government loans
- Why we like itWintrust stands out for its mix of conventional and government loans, which made up more than a third of total lending last year. However, you won’t find much information on the lender’s site — including mortgage rates.Pros
- Big FHA lender, by loan volume.
- Offers up to $6,000 in down payment assistance to qualified borrowers in Illinois and Wisconsin.
ConsRead full review- FHA loans represent a somewhat small share of total home lending for Wintrust.
- FHA mortgage rates are on the high side.
Guild Mortgage: Best for low down payment options
- Why we like itGuild is a major FHA lender by loan volume, with options for a variety of FHA loan borrowers, but loans aren't available in every state.Pros
- Major FHA lender, by loan volume.
- Offers a strong variety of FHA loan types for purchase and refinance.
ConsRead full review- Mortgage rates aren’t posted online.
- Licensed in most states, but not all.
loanDepot: Best for down payment assistance
- Why we like itLoanDepot, one of the country’s largest mortgage lenders, has faced negative headlines recently. It offers a wide range of FHA mortgages, including the harder-to-find FHA 203(k) renovation loan.Pros
- FHA loans make up a large share of LoanDepot's total home loans.
- Major FHA lender, by loan volume.
- Offers a strong variety of FHA loan types for purchase and refinance.
ConsRead full review- Average FHA origination fees are on the high side.
- No mortgage rates posted online.
- Recent headlines have damaged consumer trust.
Rate: Best for fast preapproval
- Why we like itRate is a major FHA lender with options for a variety of FHA loan borrowers and a streamlined application process, but average FHA fees are on the high side.Pros
- Major FHA lender, by loan volume.
- Offers a strong variety of FHA loan types for purchase and refinance.
ConsRead full review- Average FHA origination fees are on the high side.
- FHA loans represent a somewhat small share of total home lending for Rate.
PrimeLending: Best for fixer-uppers overall
- Why we like itPrimeLending is a big FHA lender with options for a variety of FHA loan borrowers, but FHA rates and fees may be less competitive than other lenders. May appeal to buyers who need help with closing costs.Pros
- Big FHA lender, by loan volume.
- Offers a strong variety of FHA loan types for purchase and refinance.
ConsRead full review- Average FHA origination fees are on the high side.
- FHA mortgage rates are on the high side.
AmeriSave: Best for low interest rates
- Why we like itAmerisave is a big FHA lender by loan volume, and average FHA rates are on the low side but average FHA origination fees are high.Pros
- FHA loans make up a large share of Amerisave's total home loans.
- Offers low FHA mortgage rates compared with other lenders.
- Accepts borrowers with credit scores as low as 500 for certain loan types.
ConsRead full review- Average FHA origination fees are on the high side.
- No mobile app.
- Getting custom rates and applying for mortgage preapproval both require contacting a loan expert.
Newrez: Best for highly rated mobile app
Min. credit score
N/A
National / regional
National
- Why we like itNewrez is a major FHA lender, with loan options for borrowers who have unusual finances or nontraditional income. But there's limited info about these offerings online, and FHA fees may be high.Pros
- Major FHA lender, by loan volume.
- Offers loans for borrowers who've faced financial challenges or credit events, as well as self-employed borrowers.
- Government-backed loans made up half its 2024 lending, per federal data.
ConsRead full review- Average FHA origination fees are on the high side.
- Doesn’t post mortgage rates online.
- Online chat is buried deep in the site.
More from NerdWallet
Last updated on January 2, 2025
Frequently asked questions
- In addition to the lenders we've highlighted above, you can also use the Department of Housing and Urban Development's FHA lender search page to find FHA 203(k) loan lenders. It's a helpful tool, because while FHA 203(k) rehab loans are widely available, not every FHA-approved lender offers the 203(k).To use the HUD search tool, enter your search parameters — your state is probably the most important, since lenders are licensed by individual states — and click the "Rehabilitation" box at the bottom of the list, where it says "203(k) Rehabilitation Mortgage Insurance Program." If you're trying to get the scoop on a specific lender, you can just enter the company name at the top of the form, then click the "Rehabilitation" box at the bottom.» MORE: Best FHA lenders
- FHA 203(k) loans have the same down payment requirements as standard FHA loans. If your credit score is 580 or above, the FHA allows a down payment as low as 3.5%. For credit scores between 500 and 579, the required FHA down payment is 10%.Although the FHA has low credit score requirements, individual lenders may choose to set higher minimums. If your credit score falls below 620 or so, you may need to do more hunting to find a lender that will approve your 203(k).All FHA loans, including the 203(k), allow you to use gift money or other forms of down payment assistance.
- To qualify for an FHA 203(k) loan, you'll have to meet the same FHA requirements you would for a standard loan. These include the credit score and down payment minimums, as well as having a debt-to-income ratio of no more than 43%. In some cases a slightly higher DTI may be allowed.The property you're buying or refinancing must be your primary residence. Though the home does not have to be up to the FHA's housing standards — after all, you're fixing it up — the property should be able to pass an FHA appraisal after the repairs are completed.
Methodology
The star ratings on this page reflect each lender's rating for FHA products. Read more about how we determine those ratings.
The lenders on this page are chosen using this methodology:
NerdWallet reviewed 40 mortgage lenders, including the majority of the largest U.S. mortgage lenders by annual loan volume (measured among lenders with at least a 1% market share), lenders with significant online search volume and those that specialize in serving various audiences across the country. We rated them on criteria including rate transparency, loan types offered, ease of application and more.
Some of the providers are NerdWallet partners, but this did not influence our selections.
For inclusion on this roundup, lenders must score a 4 or above according to our FHA loan methodology and offer 203(k) loans.
NerdWallet solicits information from reviewed lenders on a recurring basis throughout the year. All lender-provided information is verified through lender websites and interviews. We also utilized 2024 HMDA data for origination volume, origination fee, average interest rate and share-of-product data.
