FHA 203(k) Rehabilitation Mortgage

About This Program

Combines a home purchase or refinance loan with renovation financing into a single FHA-insured mortgage. Standard 203(k) covers major structural repairs over $75,000; Limited 203(k) covers up to $75,000 in non-structural repairs. Atlanta area loan limit is $718,750. Minimum 3.5% down payment required. Requires a HUD-approved 203(k) consultant for standard loans.

Loan — repayment required. Rolls purchase price + renovation costs into one monthly payment.

Key Details

• Combines home purchase/refi + renovation into one FHA loan
• Standard 203(k): major structural work ($75,000+); requires HUD consultant
• Limited 203(k): up to $75,000 in non-structural improvements
• Atlanta area FHA loan limit: $718,750
• Minimum 3.5% down payment; available through FHA-approved lenders

How to Apply

Deadline: Ongoing through FHA-approved lenders