FHA 203(k) Standard Rehabilitation Loan

Federal Housing Administration (FHA), HUD

Active Home Repair

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

Visit Official Program Page Track this program

800-225-5342

Deadline: Rolling, through FHA-approved lenders

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