Federal Housing Administration
FHA 203(k) allows homebuyers to finance both the purchase and rehabilitation of a home with a single mortgage. Standard 203(k) covers major renovations over $35,000; Limited 203(k) covers repairs up to $35,000. Available through participating lenders in Madison.
Loan combines purchase price plus renovation costs; typical renovation budget $40,000-$100,000
Data last verified 2026-06-09. How we verify our data.
A grant-savvy contractor in Madison, AL can handle the paperwork, inspections, and timelines so your funding releases on schedule. Getting matched is free.
You will likely need a contractor to apply
Projects like this almost always need a licensed contractor, and many grants ask for a written estimate as part of your application. Lining up a contractor in Madison early keeps your application moving.
Get matched with a contractorEach program sets its own contractor rules. Check the official program page for exact requirements.
Deadline: Ongoing program through FHA-approved lenders
Ask us. It is free, and a real person answers within a business day.
Email us about this programGrant-approved contractors understand the documentation, inspections, and timelines, so your funding releases on schedule.
Rebates and discounts that stack on top of any grant. Most are free to use.
This is just one of many grants, rebates, and free programs available. Stack them together to maximize your savings.
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