FHA 203(k) Rehabilitation Mortgage

About This Program

The FHA 203(k) program allows homebuyers and homeowners to finance up to $35,000 in repairs (Limited 203k) or extensive rehabilitation costs (Standard 203k) into a single FHA mortgage. This is a loan product, not a grant. The Standard 203(k) requires a HUD-approved consultant and covers structural work; the Limited version covers non-structural improvements.

Loan product — monthly mortgage payments required

Key Details

• Roll renovation costs into a single FHA mortgage
• Limited 203(k): up to $35,000 for non-structural improvements
• Standard 203(k): full rehab including structural work
• Minimum 3.5% down payment; 580+ credit score typically required
• Contact a HUD-approved FHA lender to apply

How to Apply

Deadline: Rolling