FHA 203(k) Rehabilitation Mortgage

Federal Housing Administration / HUD

Open Home Repair

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

Visit Official Program Page Track this program

800-225-5342

Deadline: Rolling

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