FHA 203(k) Rehabilitation Mortgage

About This Program

The FHA 203(k) loan allows homebuyers and existing homeowners to finance both purchase (or refinance) and renovation costs in a single mortgage. Borrowers can finance up to 110% of the home's after-improved value. The Standard 203(k) covers major renovations; the Limited 203(k) covers projects under $35,000 without structural changes.

Interest rates vary by lender. Typical renovation amount rolled into loan: $15,000–$100,000. Minimum 580 credit score with 3.5% down payment for FHA.

Key Details

• Finance home purchase + renovation in a single FHA loan
• Standard 203(k) for major rehabs; Limited 203(k) for projects under $35,000
• Minimum 3.5% down payment with 580+ credit score
• FHA loan limit for East Baton Rouge Parish: ~$524,225 (2025)
• Available through FHA-approved lenders; call HUD at 800-225-5342

How to Apply

Deadline: Rolling