FHA 203(k) Rehabilitation Mortgage

U.S. Department of Housing and Urban Development (HUD) / FHA-approved lenders

Active Home Repair

About This Program

The FHA 203(k) loan allows homeowners to finance both a home purchase (or refinance) and renovation costs in a single mortgage with a minimum 3.5% down payment. The Limited 203(k) covers up to $75,000 in repairs; the Standard 203(k) handles major structural work. FHA loan limits in the San José high-cost area reach up to $1,249,125. This is a loan product, not a grant, but enables home improvement financing at favorable FHA rates.

Typical limited rehab loan for moderate repairs

Key Details

  • Combines home purchase/refinance + renovation in one loan
  • 3.5% down payment, 580+ credit score required
  • Limited: up to $75,000; Standard: major structural work
  • San José FHA loan limit: up to $1,249,125
  • Must be primary residence, contact an FHA-approved lender

How to Apply

Visit Official Program Page Track this program

Deadline: Rolling, available through FHA-approved lenders

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