FHA 203(k): Home Rehabilitation

Section 203(k) is the main program employed by the FHA to fix and rehabilitate single-family homes. The program is significant for its role in bringing new life to neighborhoods and communities by make homeownership opportunities more widely available.

Streamline 203(k) Mortgage

Under the Streamline (k) Limited Repair Program, homeowners have an additional $35,000 to finance into their mortgages for the purpose of fixing up and making repairs to their homes before they move in. Upgrades and improvements to the property that are identified by an FHA appraiser or home inspector can be covered by cash from this additional financing.