FHA 203(k) Rehabilitation Mortgage

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

Deadline: Rolling — available through FHA-approved lenders