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

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