Useful 203k Information Online

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Department of Housing and Urban Development (HUD) Resources

Rehab a home with HUD's 203k Program

www.hud.gov/offices/hsg/sfh/203k/203kabou.cfm

Partnered with FHA-approved lenders, the Department of Housing and Urban Development (HUD) administers the Section 203k program to motivate the rehabilitation of single family properties.

Visit the HUD website for an overview of the program.

Acceptable Property Types

www.hud.gov/offices/hsg/sfh/203k/faqs203k.cfm

The rehab construction has to meet the HUD Minimum Property Standards. Visit the Homes & Communities section of the US Department of Housing and Urban Development’s website on 203k Rehabilitation for a list of Questions and answers regarding property types that qualify.

Also learn about

borrower eligibility
qualifying improvements
lender questions

Streamlined 203k Limited Repair Program

http://www.hud.gov/offices/hsg/sfh/203k/203kslrp.cfm

The Streamlined 203k program offers homebuyers additional financing to renovate their home before it is occupied. For more information on this program, read the HUD Mortgage Letter 2005-50.

Funds for Handyman-Specials and Fixer-Uppers

www.hud.gov/offices/hsg/sfh/203k/sfh203kc.cfm

203k Rehab program allows the homebuyer to refinance or take out a mortgage along with the amount need to make repairs with a down payment of about 3.5%. To learn how to apply for a 203k laon, visit the Funds for Handyman-Specials and Fixer-Uppers page of the HUD website.