FHA 203(k) Rehabilitation Mortgage

About This Program

FHA 203(k) rehabilitation mortgages allow homebuyers and existing homeowners to finance purchase and renovation costs in a single FHA-insured loan. The Limited 203(k) covers up to $75,000 in renovations; the Standard 203(k) handles larger structural projects with a $5,000 minimum. Requires a credit score of 580+ and a 3.5% down payment. No income limit applies. All work must be performed by licensed contractors.

Estimate based on a typical renovation scope of $50,000–$100,000 financed through the program.

Key Details

• Finance purchase price + renovation costs in one FHA loan
• Limited 203(k): up to $75,000 in renovations
• Standard 203(k): no cap on renovation; $5,000 minimum required
• 3.5% down payment; credit score 580+; no income limit
• Use HUD-approved lenders; find at hud.gov/lenders

How to Apply

Deadline: Rolling