FHA 203(k) Rehabilitation Mortgage

HUD / FHA, Available through approved lenders in Raleigh

Open Home Repair

About This Program

The FHA 203(k) Rehabilitation Mortgage enables Raleigh-area homebuyers and existing homeowners to finance both a home purchase (or refinance) and needed repairs in a single mortgage. The Limited 203(k) allows up to $75,000 in non-structural repairs; the Standard 203(k) covers comprehensive rehabilitation. A minimum of $5,000 in eligible repairs is required to use the program.

Estimate for typical Limited 203k repair component for moderate rehabilitation

Key Details

  • Finance home purchase or refinance plus repairs in one mortgage
  • Limited 203k: up to $75,000 in non-structural repairs
  • Standard 203k: full structural and major rehabilitation
  • Minimum $5,000 in eligible repairs required
  • Available through FHA-approved lenders in the Raleigh metro area

How to Apply

Visit Official Program Page Track this program

Deadline: Ongoing, apply through any FHA-approved lender in the Raleigh area

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