What is an FHA 203(k) loan?

An FHA 203(k) loan lets you finance the purchase (or refinance) of a home and the cost of renovating it in a single mortgage with one monthly payment. It is ideal for buying a fixer-upper or updating a home that needs work.

What is the difference between a Limited and a Standard 203(k) loan?

A Limited 203(k) covers non-structural repairs and improvements up to $75,000 with no minimum and no required HUD consultant. A Standard 203(k) is for major or structural work, requires at least $5,000 in repairs, and uses a HUD-approved 203(k) consultant to oversee the project.

Do I have to live in the home to use a 203(k) loan?

Yes. The FHA 203(k) program is for owner-occupants who will use the property as their primary residence. Eligible properties include 1–4 unit homes, qualifying condos, and primarily residential mixed-use properties. Investors can explore the Fannie Mae HomeStyle renovation loan instead.

Can I do the renovation work myself?

No. FHA 203(k) repairs must be completed by a licensed contractor, not the borrower. That is where a 203(k)-experienced contractor like Matrix Company Solutions handles design, permits, budgeting, and construction.

What credit score and down payment do I need for a 203(k) loan?

Many lenders look for a credit score of 580 or higher to qualify for the 3.5% minimum down payment. Final eligibility, rate, and terms are determined by your FHA-approved lender.

Does Matrix Company Solutions serve my area?

Yes. Matrix Company Solutions is a licensed 203(k) renovation contractor serving Philadelphia and surrounding counties, South Jersey, and Southwestern Pennsylvania.

Free Kitchen Design Consultation

Kitchen Remodeling in Philadelphia

Get Your FREE Kitchen Design Now!

Call us today to get a free consultation on your project. From custom cabinetry to full layout redesigns, our Philadelphia team turns outdated kitchens into the heart of the home — built for style, comfort, and lasting performance.

Philadelphia Kitchen Remodeling Cost Breakdown

Real pricing ranges based on recent Philadelphia projects and current regional cost data

Kitchen Size / Scope	Typical Price Range*	What's Included
Small (≤ 150 sq ft)	$18k – $35k	Cabinet refacing or stock cabinetry, new tops, paint, lighting
Medium (150–250 sq ft)	$38k – $78k	Semi-custom cabinets, layout tweaks, new appliances, tile backsplash
Large / High-End (> 250 sq ft)	$80k – $160k+	Custom cabinetry, wall removal, pro-grade appliances, luxury finishes

*Based on recent Philadelphia project data and 2025 regional cost studies.

Small Kitchen (Budget-Friendly)

Quick cosmetic lift: keep plumbing in place, swap doors or re-finish cabinets, upgrade lighting, add solid-surface tops.

Medium Kitchen (Most Popular)

Ideal for 1920–1960 Philly rowhouses — re-configure the work triangle, semi-custom Shaker cabinets, quartz counters, LVT flooring.

Large / High-End Kitchen

Full gut with structural steel where needed, floor-to-ceiling custom cabinets, statement hood, smart appliances, and honed marble island.

6 Week Project Timeline

Week 1

Design + Permits

Laser measure your kitchen
Produce a 3-D concept & sealed drawings
Submit eCLIP permit (if walls move)

Weeks 2–3

Demo & Rough-Ins

Dust protection, demo, haul-away
Licensed trades run new electric, plumbing, HVAC drops
Township / L&I inspections

Week 4

Cabinetry & Flooring

Set base & wall cabinets, level & shim
Install subfloor & LVT/engineered hardwood

Week 5

Counters & Fixtures

Templating, then quartz / stone install
Fit sink, faucet, disposal, under-cab lights

Week 6

Finishing Touches

Backsplash tile & paint
Punch-list walk-through, photo shoot, warranty packet

Request Your Free Consultation

Tell us about your project and we'll follow up within 72 hours.

Why Philadelphia Homeowners Pick MatrixGC

Free 3-D Design (No Obligation)

Visualize color palettes, traffic flow, and storage before you spend a dollar.

Licensed + Insured Trades Only

Everything from electrical to gas line relocation is performed by licensed specialists.

On-Time Delivery Guarantee

A detailed Gantt schedule and daily site updates keep your remodel on track.

What Philadelphia Homeowners Are Saying

Happy MatrixGC kitchen remodeling clients in Philadelphia

★★★★★

"Right off the bat, we were in communication with each other and things were making great progress. My general contractor, Sully, was attentive to what I wanted to get done and we got the ball rolling."

Keneel Philadelphia Kitchen Remodel

★★★★★

"The professionalism of Matrix was amazing. The kitchen and bathroom work was phenomenal! They were always accessible and accommodating, no matter how many times I called or texted."

Maribeth Kitchen & Bathroom Remodel

★★★★★

"When my husband told me he bought a house that needs a lot of work, I was really scared. I knew this was going to be a big project, but thanks to Matrix Construction, they made it easy and simple."

Tara Full Home Renovation

★★★★★

"It's awesome! I can't believe it. Completely different. Everything was great, a great experience. I'm excited and ready to move in."

Shaka Home Renovation

★★★★★

"Matrix Construction did a fantastic job! They got everything done in six weeks for us, did a great job with the paint, and communicated with us the whole entire time."

Michael 6-Week Renovation