FHA 203(k) Rehabilitation Mortgage

Federal Housing Administration (FHA) / HUD

Open Home Repair

About This Program

The FHA 203(k) loan allows homebuyers and existing owners to finance both the purchase (or refinance) and renovation of a home in a single mortgage. The Limited 203(k) covers minor repairs and improvements up to $75,000, while the Standard 203(k) accommodates major structural work up to the 2025 FHA loan limit of $806,500. Minimum down payment is 3.5% for qualifying borrowers.

Combines purchase/refi + rehab costs; Limited up to $75,000 rehab; Standard up to county FHA limit.

Key Details

  • Limited 203(k): rehab costs up to $75,000 for minor repairs
  • Standard 203(k): major structural work, no separate rehab cap
  • Minimum 3.5% down payment (FHA credit score requirements apply)
  • Must use HUD-approved consultant for Standard 203(k)
  • Available through FHA-approved lenders in Birmingham

How to Apply

Visit Official Program Page Track this program

800-767-7468

Deadline: No deadline; apply through FHA-approved lender

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