FHA 203(K) Rehab Loan

An FHA 203K rehab loan allows you to borrow money for both the purchase of a home and home improvements, all in a single loan. FHA’s mission is to promote home ownership, so properties in less-than-perfect conditions are a good way to go.

Loan Features

Combining the home purchase and repair costs into one loan

FHA 203K loans are a great way for home buyers to purchase a home needing some repairs using a single loan.

Low down payment

A 203K mortgage follows general FHA loan requirements.

Types of improvements

FHA 203K offers two options: Standard and Limited. For smaller improvements of up to $36,000, look for the Limited 203K. Larger renovations refer to the Standard 203K.


Borrowers qualify for 203K rehab loans, which are the same as a general FHA transaction.