FHA 203(k) Rehabilitation Mortgage

HUD / FHA-approved lenders

Active Home Repair

About This Program

The FHA 203(k) program allows homebuyers and homeowners to finance both the purchase (or refinance) and rehabilitation of a home in a single mortgage. The Limited 203(k) covers projects up to $75,000; the Standard 203(k) accommodates larger structural renovations up to the FHA county loan limit ($806,500 for Dallas County in 2025). Minimum credit score typically 580-620 with 3.5% down payment.

Not a grant, mortgage loan that must be repaid. Enables financing of major rehab without separate home equity loan.

Key Details

  • Combines home purchase/refinance + renovation in one loan
  • Limited 203(k): up to $75,000 in improvements
  • Standard 203(k): major structural rehab, minimum $5,000 work
  • Minimum 3.5% down payment; 580+ credit score
  • Dallas County FHA loan limit: $806,500 (2025)

How to Apply

Visit Official Program Page Track this program

800-225-5342

Deadline: Ongoing, apply through FHA-approved 203(k) lenders

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