FHA 203(k) Rehabilitation Mortgage

FHA (through approved lenders)

Available Home Repair

About This Program

FHA-insured mortgage that combines purchase price (or refinance) and rehabilitation costs into a single loan. Allows buyers to finance needed repairs and improvements in Billings homes through approved lenders.

Loan combines purchase/refinance amount plus up to renovation costs

Key Details

  • FHA loan combining purchase and rehab costs
  • Single mortgage for home plus improvements
  • Lower down payment than conventional
  • Available through approved Montana lenders
  • Ideal for fixer-upper purchases

How to Apply

Deadline: Available year-round through lenders

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Grant-approved contractors understand the documentation, inspections, and timelines, so your funding releases on schedule.

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