FHA 203(k) Rehabilitation Mortgage

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

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