FHA 203(k) Rehabilitation Mortgage

About This Program

The FHA 203(k) loan lets homebuyers and homeowners finance the purchase or refinance of a home plus the cost of renovation in a single mortgage. The Streamlined 203(k) covers up to $35,000 in non-structural repairs; the Standard 203(k) has no repair cap and can cover complete gut-rehabilitation. Minimum 3.5% down payment required; minimum credit score typically 580–620.

This is a loan, not a grant; 3.5% down payment required; local Sacramento lenders include Sunrise Vista Mortgage

Key Details

• Finance home purchase + renovation costs in one FHA-insured loan
• Streamlined 203(k): up to $35,000 for non-structural repairs; 3.5% down
• Standard 203(k): no repair cap; covers full gut rehab and structural work
• Minimum 580 credit score (most lenders prefer 620+); 43% max DTI
• Sacramento lenders: Sunrise Vista Mortgage 916-xxx-xxxx, Golden Bay Mortgage Group

How to Apply

Deadline: Rolling