FHA 203(k) Rehabilitation Mortgage

About This Program

The FHA 203(k) program allows homebuyers and homeowners to finance up to 110% of a home's post-renovation value for purchase plus renovation, or to refinance and renovate. The Limited 203(k) covers up to $75,000 in non-structural repairs. The Standard 203(k) covers $5,000+ in major rehabilitation including structural work. Requires only 3.5% down payment with a 580+ credit score.

Not a grant — a loan product. Allows rolling renovation costs into a single FHA mortgage at competitive rates.

Key Details

• Limited 203(k): up to $75,000 in non-structural repairs
• Standard 203(k): $5,000+ including structural work
• Only 3.5% down payment required with 580+ credit score
• Harris County FHA loan limit ~$524,225 (2025)
• Must work with FHA-approved lender and HUD-approved 203(k) consultant (Standard)

How to Apply

Deadline: Contact program