FHA 203(k) Rehabilitation Mortgage

About This Program

The FHA 203(k) loan lets homeowners finance major rehabilitation costs into a single mortgage, either when purchasing a fixer-upper or refinancing an existing home. The Standard 203(k) covers major structural work; the Limited (Streamlined) 203(k) is for repairs under $75,000 without major structural changes. A minimum 580 credit score and 3.5% down payment are required. Rates run approximately 0.75%–1.0% higher than standard FHA loans.

Financing product — not a grant; minimum 580 credit score, 3.5% down payment; must be primary residence; 60+ days to close; mortgage insurance required; rates higher than standard FHA

Key Details

• Finance home purchase + repairs OR refinance + rehab in a single FHA mortgage
• Standard 203(k) for major structural work; Limited for projects under $75,000
• Minimum 580 credit score and 3.5% down payment required
• Rates run 0.75%–1.0% higher than standard FHA; 60+ day close timeline
• Ask at any FHA-approved lender in Las Vegas — not a grant, a mortgage product

How to Apply

Deadline: Rolling — available from FHA-approved lenders