FHA 203(k) Rehabilitation Mortgage

U.S. Department of Housing and Urban Development (HUD)

Open Home Repair

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

Visit Official Program Page Track this program

800-225-5342

Deadline: Contact program

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