Finance Your Dream Renovation
Found the perfect home but it needs work? The FHA 203K loan lets you buy and renovate with one loan, one closing, one monthly payment.
One Loan. One Closing. One Monthly Payment.
The FHA 203K loan combines your mortgage and renovation costs into a single loan. Instead of buying a home, then taking out a second loan to fix it up, the 203K wraps everything together — one application, one closing, one payment.
This is perfect for buyers who find a home in a great location that needs work — foreclosures, estate sales, or older homes that haven't been updated. It's also available for current homeowners refinancing to renovate.
Silcox Contracting has completed over 15 years of 203K projects in Jacksonville. We've partnered with Joelle Balotin at Ameris Bank to give our clients a seamless experience from financing through final walkthrough.
Up to $75,000
Cosmetic updates, minor repairs, non-structural improvements. Simpler paperwork, faster closing. No HUD consultant required.
No Maximum Cap
Major renovations — structural changes, room additions, complete gut rehabs. Minimum $5,000 in repairs. HUD consultant oversees the project.
See What's Possible
From Pre-Approval to Move-In
Call Joelle
Speak with our financing partner Joelle Balotin at Ameris Bank. She'll assess your options and get you pre-approved.
Find Your Home
Work with your real estate agent to find a property. Joelle will tell you exactly what you qualify for.
Plan the Renovation
Silcox develops detailed renovation plans and cost estimates that meet FHA property standards.
One Loan, One Closing
Joelle rolls the purchase price plus renovation costs into a single mortgage. No second loan needed.
We Build It
Silcox handles the entire renovation. Funds are released in draws as work is completed and inspected.
Move In
Final inspection, walkthrough, and you move into your beautifully renovated dream home.
Meet Joelle Balotin
We've partnered with Joelle Balotin at Ameris Bank because she's one of Jacksonville's most experienced 203K mortgage bankers. Since 1989, Joelle has helped hundreds of families finance their dream homes — earning Mortgage President's Club honors three years running.
When you work with Silcox and Joelle, you get a team that's done this together dozens of times. No miscommunication between builder and lender. No surprises at closing. Just a smooth path from pre-approval to move-in.
View Joelle's Full Profile at Ameris Bank
Joelle Balotin
Mortgage BankerAmeris Bank Mortgage Services • NMLS# 123490010611 Deerwood Park Blvd, Jacksonville, FL 32256
What Can Be Financed?
Virtually any improvement is eligible. The home must meet FHA property standards after renovation.
Frequently Asked Questions
Your Dream Home Is One Call Away
Talk to Joelle about financing, or call Silcox about your renovation. Either way, you're in good hands.
All loans subject to credit approval. Additional program restrictions may apply. Ameris Bank NMLS #408099. Member FDIC. Equal Housing Lender.