FHA 203(k) Rehab Mortgage
Federal (HUD/FHA)
About This Program
The Grant Map catalogs FHA 203(k) Rehab Mortgage in its Detroit, MI research directory. The record carries audience tags for homeowners; those tags do not establish eligibility or current service coverage.
Finance purchase and renovation in one FHA-backed loan. Limited 203(k) covers non-structural repairs up to $75,000. Standard 203(k) covers major renovations. Borrow up to 110% of property's after-improvement value. Ideal for buying and fixing a Detroit Land Bank or distressed property, Detroit's $78K median home value means buyers can purchase + renovate affordably with one loan.
Purchase + renovate in one loan, no equity needed upfront
The cited program-specific URL responded on 2026-07-21; confirm current terms.
Record set last reviewed 2026-04-01. How we verify our data.
This is a national program. You can also review these local programs in Detroit, MI; confirm separately whether they can coordinate:
Key Details
- Purchase + renovation in one FHA loan
- Limited 203(k): up to $75,000 for non-structural repairs
- Standard 203(k): major structural renovations
- Borrow up to 110% of after-improvement value
- Ideal for Detroit Land Bank purchases
How to Apply
Some programs require contractor estimates, licenses, or inspections. A cited link may be general, so confirm the current rules with the administrator before hiring; a directory match does not guarantee contractor eligibility or funding.
You may need a contractor or estimate
Some programs for this project type ask for a license, inspection, or written estimate. Confirm the rule before contacting a contractor in Detroit.
Get matched with a contractorEach administrator sets its contractor rules. Confirm exact requirements directly; the cited URL may be a general agency page.
Your application paperwork
Documents you will likely need
- Proof you own and live in the home (deed, recent mortgage statement, or property tax bill).
- A government-issued photo ID for every owner on title.
- A written estimate from a licensed contractor for the work (many programs require this to apply).
- Photos of the problem area or the work to be done.
- The program's own application form, completed (use the official link or phone number on this page).
Requirements vary by program and locality. Confirm the exact rules and application route with the administrator. We can help you prepare your paperwork, but you submit it yourself.
Deadline: Year-round through FHA-approved lenders
Questions about this program?
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Frequently asked questions
What amount is listed for FHA 203(k) Rehab Mortgage in Detroit, MI?
The Grant Map record states: Up to $75,000 (limited) for non-structural. Confirm the current amount and eligible costs with the administrator.
What audience tags are recorded for FHA 203(k) Rehab Mortgage in Detroit?
The directory record carries audience tags for homeowners. It also carries a no-income-limit tag. These tags do not establish eligibility; confirm the complete current rules with the administrator.
How do I apply for FHA 203(k) Rehab Mortgage in Detroit, MI?
Confirm the application route directly with Federal (HUD/FHA); use the cited source on this page as a starting point or call 800-225-5342. Confirm any fee or cost with the administrator.
Need a Contractor for This Project?
Browse local listings or request an introduction. The Grant Map does not guarantee licensing, program experience, work quality, or funding.
More ways to save on this project
Rebates and discounts that may reduce project cost. Confirm eligibility and coordination rules before including one in your budget.
Find More Programs in Detroit, MI
This is one of several kinds of assistance that may be available. Review other programs separately and confirm whether their administrators allow coordination for the same work.
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