HUD / FHA, available through approved lenders
The FHA 203(k) loan allows homebuyers and owners to finance both the purchase (or refinance) and rehabilitation of a property in a single mortgage. The Streamlined 203(k) covers repairs of $5,000-$35,000; the Standard 203(k) handles major structural work. DC contractors must be DC-licensed. Requires minimum 3.5% down payment and 580+ credit score. Repairs must be completed within 6 months of closing.
Streamlined version supports up to $35,000 in rehabilitation costs; estimate reflects common scope.
Grant-approved contractors understand the documentation, inspections, and timelines, so your funding releases on schedule.
This is just one of many grants, rebates, and free programs available. Stack them together to maximize your savings.
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