FHA 203(k) Standard Good for Major Rehab Work

Eligible:

• Teardown house and build back up from foundation (provided the complete existing foundation system is not affected and will still be used)
• Add-on home or garage (any addition of structure unit must be attached to the existing structure)
• New kitchen/bathrooms
• New windows, doors, insulation, floor coverings
• New appliances, furnace, central air/heat, hot water heater
• Roof replacement
• Repair structural damage

Ineligible:

• Luxury items
• New swimming pool/hot tub
• Outdoor kitchens

• Maximum loan amount, including repairs, can’t exceed the county’s FHA loan limit
• Minimum repair amount is $5,000
• Licensed contractor only – No DIY work allowed
• FHA 203(k) consultant required