Under the FHA 203(k) program, the FHA guarantees, or insures, the loan, meaning:
So, in short, the FHA’s role is to protect the lender, not to lend the money. It allows homeowners to finance both the purchase of a home and the cost of its rehabilitation through a single mortgage. It’s designed for homes in need of repairs or renovations, making it an ideal solution for buying fixer-uppers in North Carolina.
Bruce Childress offers FHA 203(k) consulting and general contracting through LHB Construction & Consulting. Based in Asheville and Weaverville—and serving surrounding communities—we’re fully qualified to act as your HUD‑approved 203(k) consultant or licensed 203(k) general contractor.
We have direct experience working with lenders on 203(k) financing, guiding homeowners through both the loan and renovation process.
LHB, Inc guides homeowners through the complexities of 203k loans. We provide a detailed project scope of work, bid the project for our clients, help select qualified contractors, and ensure all renovations comply with FHA standards, simplifying the renovation financing process in North Carolina. Fees are associated with 203k Consultation.
We can act as your HUD Consultant to confirm your contractor’s duties are fulfilled.
We can act as your General Contractor to manage the Renovation or Remodel.
Eligibility for an FHA 203k loan typically includes a credit score of 620 or higher, a stable income, and a down payment of at least 3.5%. Properties eligible for financing must also be at least one year old and require renovation or repair. This is a great question for your loan officer. We are not involved with the lending process; we just get the scope of work nailed down and, in most cases, provide you with a bid on your project prior to your contractor. We work closely with a local bank and local realtors to help you find your fit.
Estimated Rehab Amount
At LHB, (Lifestyle Home Buyers), we specialize in delivering top-notch residential construction services tailored to meet your unique needs. Our experienced team works closely with you from the initial design phase through to the final touches, ensuring your dream home becomes a reality. We prioritize quality, safety, and customer satisfaction in every project we undertake.
Our team specializes in lifting homes, reclaiming unfinished square footage, and designing creative additions that enhance both indoor and outdoor living spaces. We work closely with structural engineers to ensure every project meets today’s strict building codes, while still honoring the unique character of each home.
Lifestyle Home Buyers – d.b.a LHB Construction & Consulting specializes in creative solutions to customize each client’s home. For over 20 years, LHB has proudly served the area surrounding Asheville and Weaverville, NC. We are family-owned and locally operated. As experts in lifestyle-focused home building and general contracting, we bring both skill and passion to every remodeling project—no matter the size or complexity. Whether addressing serious structural concerns such as foundation issues, compromised safety, or outdated building codes, or breathing new life into historic craftsman and bungalow-style homes, LHB delivers thoughtful, high-quality solutions.
We’re passionate about giving new life to an outdated home. Don’t worry we enjoy new construction also!
Our services vary from area to area. However, we cover Asheville and surrounding areas, such as North Buncombe, Madison, Marshall, Yancey, Alexander, Fairview, Fletcher, Swannanoa,
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