FHA 203(k) Standard Rehabilitation Loan

About This Program

The FHA 203(k) Standard loan wraps purchase (or refinance) and major rehabilitation costs into a single mortgage. Borrowers can finance up to 110% of the home's after-improved value. Requires a minimum 3.5% down payment and a 580+ credit score. A HUD-approved 203(k) consultant is required for projects over $35,000 or involving structural changes.

Estimate represents typical rehab financing amount above the base purchase mortgage.

Key Details

• Min credit score: 580; min down payment: 3.5%
• Covers structural, roofing, HVAC, accessibility, and full gut rehabs
• HUD-approved 203(k) consultant required for projects over $35,000
• Mecklenburg County FHA loan limit ~$524,225 (2026)
• Available for purchase or rate/term refinance of owner-occupied 1-4 unit homes

How to Apply

Deadline: Rolling — through FHA-approved lenders