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FHA 203(k) Rehabilitation Mortgage

Federal Housing Administration

open federal

About This Program

The FHA 203(k) loan combines purchase/refinance with renovation costs in a single mortgage. The Limited 203(k) covers up to $75,000 in repairs (raised from $35,000 in 2025). The Standard 203(k) covers major renovations up to the FHA loan limit. Minimum 3.5% down payment required.

Mortgage product, not a grant; repair costs rolled into loan

Key Details

  • Combines purchase/refinance with renovation costs
  • Limited 203(k): up to $75,000 in repairs
  • Standard 203(k): up to FHA area loan limit
  • Minimum 3.5% down payment
  • Available through FHA-approved lenders

How to Apply

Visit Official Program Page

Deadline: Ongoing through FHA-approved lenders

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