FHA 203(k) Rehabilitation Mortgage

Federal Housing Administration / HUD

Open Home Repair

About This Program

The FHA 203(k) loan allows homebuyers and homeowners to finance renovation costs into a single mortgage. The Limited 203(k) covers up to $75,000 in repairs for non-structural improvements; the Standard 203(k) covers major structural work up to the county FHA loan limit. A minimum of $5,000 in eligible repairs is required. Lenders and HUD-approved consultants must be involved for Standard loans.

Not a grant, this is a mortgage loan product. Monthly payment calculated on total loan amount including renovations. Minimum 3.5% down payment required.

Key Details

  • Limited 203k: up to $75,000 in repair costs, no structural work
  • Standard 203k: structural repairs allowed, up to county FHA loan limit
  • Minimum $5,000 in repairs required
  • 3.5% minimum down payment; standard FHA credit requirements apply
  • Contact an FHA-approved lender to apply

How to Apply

Visit Official Program Page Track this program

Deadline: No program deadline

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