FHA 203(k) Rehabilitation Mortgage

Federal Housing Administration

Open Home Repair

About This Program

FHA mortgage that rolls purchase price and renovation costs into one loan. Limited 203(k) covers up to $75,000 in repairs; Standard 203(k) for major structural work over $5,000. Must use licensed contractors.

This is a mortgage loan, not a grant; must be repaid with interest

Key Details

  • Combines purchase price and renovation into one FHA loan
  • Limited 203(k): up to $75,000 in renovation costs
  • Standard 203(k): $5,000 minimum, no renovation cap
  • 3.5% down payment with credit score of 580+
  • Must use licensed contractors for all work

How to Apply

Visit Official Program Page Track this program

800-225-5342

Deadline: Ongoing, apply through FHA-approved lender

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