Program Description

Section 203(k) insurance enables homebuyers and homeowners to finance both the purchase (or refinancing) of a house and the cost of its rehabilitation through a single mortgage or to finance the rehabilitation of their existing home.

Program Requirements

All persons who can make the monthly mortgage payments are eligible to apply. Cooperative units are not eligible.

Loan Terms

Please contact a Federal Housing Administration (FHA) approved lender for loan term information. To find an approved lender, please visit the HUD Lender List.

Loan Categories
House loans
Housing Loans