FHA 203(k) Rehabilitation Mortgage

About This Program

FHA-insured loan that combines home purchase or refinance with rehabilitation costs into a single mortgage. Standard 203(k) covers major structural repairs and renovations; Limited 203(k) covers non-structural improvements under $35,000. Requires only 3.5% down payment and allows financing of lead paint mitigation. Available through FHA-approved lenders in Portland.

FHA loan limit for Multnomah County 2026: ~$776,000 for single family

Key Details

• 3.5% minimum down payment with 580+ credit score
• Standard 203(k): structural/major renovations over $35,000
• Limited 203(k): non-structural repairs up to $35,000
• Covers lead paint mitigation, roofing, plumbing, HVAC, accessibility
• Available through FHA-approved lenders; find at 203kmortgagelender.com/203k-lenders-oregon

How to Apply

Deadline: Rolling (through FHA-approved lenders)