FHA 203(k) Rehabilitation Mortgage

About This Program

The FHA 203(k) loan allows homebuyers and existing owners to finance purchase (or refinance) plus renovation costs in a single mortgage. Alaska qualifies for elevated FHA loan limits (150% of the national conforming limit, up to $1,089,300 in Anchorage), making this program particularly valuable for Alaska's higher construction and renovation costs. Standard 203(k) for major work; Limited 203(k) for projects under $35,000.

Alaska FHA limit up to $1,089,300. Minimum 580 credit score; 3.5% down. Renovation funds are escrowed and released as work is completed and inspected.

Key Details

• Finance home purchase + renovation in a single FHA loan
• Alaska FHA loan limit: up to $1,089,300, higher than most states
• Standard 203(k) for major rehab; Limited 203(k) for projects under $35,000
• Minimum 3.5% down with 580+ credit score
• Available through FHA-approved lenders; HUD: 800-225-5342

How to Apply

Deadline: Rolling