FHA 203(k) Rehabilitation Mortgage

About This Program

FHA 203(k) combines home purchase or refinance with renovation costs into a single mortgage. Limited 203(k) covers up to $75,000 in rehab. Standard 203(k) allows major structural work up to the FHA loan limit. NYC high-cost area limit is $1,209,750.

Limited 203(k): up to $75,000 rehab. Standard: up to FHA limit. Min $5,000 rehab.

Key Details

• Combines purchase/refinance with renovation in one mortgage
• Limited 203(k): up to $75,000 in rehab costs
• Standard 203(k): major work up to FHA loan limit
• NYC high-cost area limit: $1,209,750
• Up to 12 months of mortgage payments can be included

How to Apply

Deadline: Ongoing