FHA 203(k) Rehabilitation Mortgage

U.S. Department of Housing & Urban Development

Open Home Repair

About This Program

Combines purchase price and renovation costs into a single FHA mortgage. Standard 203(k) for major rehab; Limited 203(k) for repairs under $35,000. Minimum 3.5% down payment on purchase price plus repair costs. Rates are 0.75%-1% higher than standard FHA.

Single loan covers purchase + renovation; HUD consultant required for Standard

Key Details

  • Finance purchase + renovation in one mortgage
  • Standard: major rehab; Limited: under $35,000
  • Minimum 580 credit score (some lenders require 620+)
  • 3.5% minimum down payment
  • Available through FHA-approved lenders in Toledo

How to Apply

Visit Official Program Page Track this program

Deadline: Ongoing

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