FHA 203(k) Rehabilitation Mortgage

U.S. Department of Housing and Urban Development

Open Home Repair

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

Visit Official Program Page Track this program

800-225-5342

Deadline: Ongoing

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