FHA 203(k) Rehabilitation Mortgage

About This Program

The FHA 203(k) loan allows homebuyers and owners to finance renovation costs into a single mortgage. The Limited 203(k) covers up to $75,000 in repairs for non-structural work; the Standard covers major structural projects up to the county FHA loan limit. Minimum $5,000 in eligible repairs is required. FHA-approved lenders and HUD consultants (for Standard loans) must be used.

Not a grant – a mortgage product. Monthly payment based on total loan including renovations. 3.5% minimum down payment required.

Key Details

• Limited 203k: up to $75,000 in non-structural repair costs
• Standard 203k: structural repairs, up to county FHA loan limit
• Minimum $5,000 in repairs required
• 3.5% minimum down payment; standard FHA credit qualifying
• Apply through an FHA-approved lender in Tucson

How to Apply

Deadline: No program deadline