FHA 203(k) Rehabilitation Loan
U.S. Department of Housing and Urban Development (HUD)
Finance purchase + renovation in one loan, 3.5% down
Overview
Buy and renovate in one FHA loan — perfect for fixer-uppers, with just 3.5% down.
Detailed requirements
Combines purchase + rehabilitation costs into single mortgage. Standard 203(k) for major repairs; Limited 203(k) for under $35K in non-structural work. Must be primary residence. Rehab work supervised by HUD-approved consultant for Standard version.
Eligibility at a glance
- Min credit score
- 580
- Owner-occupied required
- Yes
Note: For homes needing $5K+ in repairs. Standard and Limited (under $35K repairs) versions.
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Last verified 2026-09-02. Updated weekly. Always confirm details on the official program page before applying.