FHA 203K 'Fixer-Upper' Mortgage

FHA Funds for Handyman-Specials & Fixer Upper

The Section 203(k) program is the Department's primary program for the rehabilitation and repair of single family properties. The FHA 203K program allows borrowers to add funds to a new FHA Purchase Mortgage or to secure funds for rehabilitation, home improvements or repair work to someone who already has a home mortgage using a Streamlined 203K Loan.

If you have passed up buying homes that require cosmetic repairs for lack of funds to fix them up,the FHA has a program for you. The FHA 203K loan allows for simple repairs that can be easily estimated and completed. Many are considered light cosmetic repairs, but some will require hiring a licensed contractor if it falls out of the borrower's area of expertise.


Here is an approved list of just some repairs / improvements from HUD:

  • Roofs, gutters and downspouts

  • HVAC systems (heating, venting and air conditioning)

  • Plumbing and electrical

  • Minor kitchen and bath remodels

  • Flooring: carpet, tile, wood, etc.

  • Interior and exterior painting

  • New windows and doors

  • Weather stripping & insulation

  • Improvements for persons with disabilities

  • Energy efficient improvements

  • Stabilizing or removing lead-based paint

  • Decks, patios, porches

  • Basement completion and waterproofing

  • Septic or well systems

  • Purchase of new kitchen appliances or washer / dryer

The important step in purchasing a new home is to get an FHA Pre-Approval Letter for a home loan.


                                             Free Pre-Approval



FHA 203K Fixer Upper Mortgage