FHA 203(k) Rehabilitation Mortgage

About This Program

The FHA 203(k) rehabilitation mortgage allows homeowners or buyers to finance a home's purchase or refinance along with repair costs in a single loan. The Standard 203(k) covers major structural repairs with no cap on renovation costs (up to FHA loan limits); the Limited 203(k) allows up to $75,000 in repairs for non-structural improvements. Requires a minimum $5,000 in eligible improvements.

Bexar County FHA loan limit approx. $524,225; standard 3.5% down payment required

Key Details

• Finance purchase + renovation in a single mortgage
• Standard 203(k): major structural repairs, no repair dollar cap
• Limited 203(k): non-structural repairs up to $75,000
• Minimum $5,000 in eligible improvements required
• 3.5% down payment; apply through FHA-approved lenders

How to Apply

Deadline: Open — apply through FHA-approved lenders