FHA 203(k) Rehabilitation Mortgage

About This Program

The FHA 203(k) loan allows homebuyers and existing owners to finance purchase (or refinance) plus renovation costs in a single mortgage. Hawaii qualifies for the special high-cost FHA loan limit of up to $1,814,625, making the program highly relevant in Honolulu's expensive housing market. The Standard 203(k) covers major renovations; the Limited 203(k) handles non-structural projects under $35,000.

Hawaii's FHA limit is 150% of the national conforming limit, reaching $1,814,625. Minimum 3.5% down with 580+ credit score. Renovation funds held in escrow.

Key Details

• Finance home purchase + renovation in a single FHA loan
• Hawaii FHA limit: up to $1,814,625 — higher than mainland
• Standard 203(k) for major rehab; Limited 203(k) for projects under $35,000
• Minimum 3.5% down with 580+ credit score
• Available through FHA-approved lenders; HUD: 800-225-5342

How to Apply

Deadline: Rolling