FHA 203(k) Rehabilitation Mortgage

About This Program

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.

Key Details

• Bundles purchase/refinance + renovation into one loan
• Streamlined: $5,000–$35,000 rehab; Standard: major structural
• 580+ credit score and 3.5% down payment required
• DC contractors must hold DC license
• Repairs must be completed within 6 months of loan closing

How to Apply

Deadline: Rolling