fha limited loan
fha limited loan
fha limited loan
fha limited loan
fha limited loan
fha limited loan

FHA 203(k) Limited Good for Minor Repairs

Eligible:

  • Repair/replacement of roofs, gutters, and downspouts
  • Repair/replacement/upgrade of existing HVAC systems, plumbing and electrical systems
  • Repair/replacement of flooring
  • Minor remodeling, such as kitchens, which does not involve structural repairs
  • Painting, both exterior and interior
  • Weatherization, including storm windows and doors, insulation, weather stripping, etc.
  • Lead-based paint stabilization or abatement of lead-based paint hazards
  • Repair/replace/add exterior decks, patios, and porches
  • Basement finishing and remodeling, which does not involve structural repairs
  • Basement waterproofing
  • Window/door replacement and exterior wall re-siding
  • Septic system and/or well repair or replacement

Note: Structural alterations and luxury items such as swimming pools and barbecue pits are not eligible.

  • • Maximum repair cost can’t exceed $35,000 (escrow amount)
  • No minimum repair amount required
  • Up to 3 contractors allowed – no DIY work

Additional restrictions, requirements and underwriting conditions may apply. Speak with your loan officer for details.

Interested in an FHA 203(k) Limited Loan? Contact us today or Get Started here.