FHA 203(k) Rehabilitation Mortgage

Federal Housing Administration

Available Home Repair

About This Program

FHA-insured mortgage that finances both home purchase (or refinance) and renovation costs in a single loan. Allows buyers to purchase fixer-uppers and finance improvements, or existing owners to refinance and renovate. Available through approved lenders.

Estimated renovation portion of combined purchase/renovation loan

Official program page checked live on 2026-06-17.

Data last verified 2026-06-09. How we verify our data.

This is a national program. In Washington, NJ, you can stack it with local programs like these:

Key Details

  • Single loan for purchase/refinance plus renovations
  • Minimum credit score 500-580 depending on down payment
  • Down payment as low as 3.5%
  • Must use FHA-approved contractor
  • Available through approved mortgage lenders

How to Apply

Get free help applying Visit Official Program Page Track this program

(800) 225-5342

A grant-savvy contractor in Washington, NJ can handle the paperwork, inspections, and timelines so your funding releases on schedule. Getting matched is free.

This grant requires a licensed contractor

This grant requires the work to be done by a licensed contractor, and you will likely need a written estimate to apply. Get a free estimate from a contractor in Washington who knows grant paperwork.

Get matched with a contractor

Each program sets its own contractor rules. Check the official program page for exact requirements.

Your application paperwork

An FHA mortgage that rolls the cost of repairs or renovation into the loan to buy or refinance a home. The rehab work must total at least 5,000 dollars. You apply through an FHA approved lender, not a government office.

Steps to apply

  1. Find an FHA approved lender that offers the 203(k) program.
  2. Apply with that lender and choose Standard 203(k) (larger projects) or Limited 203(k).
  3. The lender brings in a HUD approved 203(k) consultant who prepares a work write-up and cost estimate.
  4. The lender underwrites, closes, and funds the loan, and the repair funds are released as the work is done.
Get the official form

Documents you will likely need

  • Standard mortgage application documents (income, assets, credit).
  • Contractor bids and a work write-up for the planned repairs.
  • Information about the property you are buying or refinancing.
Download this checklist (PDF)

Requirements vary by program and locality. Confirm the exact rules on the official program page. We can help you prepare your paperwork, but you submit it yourself.

Deadline: Available through approved FHA lenders

Questions about this program?

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