FHA 203(k) Rehabilitation Mortgage

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

Deadline: Ongoing — apply through FHA-approved lender