FHA Mortgage Program
FHA 203K renovation loans for 1-4 unit properties, including manufactured homes and PUDs, available in both Limited and Standard options.
Underwriting at a glance
- Minimum FICO
- 580+
- Max LTV (purchase / rate-term)
- -
- Max LTV (cash-out)
- -
- Loan amount
- -
- Documentation
- full-doc
- States
- most states
Highlights
- •Limited option for under $75K renovations with no structural work
- •Standard option for over $75K or structural renovations
- •Standard option allows financing up to 12 months of mortgage payments
- •No identity or conflict of interest between borrower and contractor
- •Dedicated team for underwriting and post-closing draw management
Want to see if you qualify?
Tell us about your scenario - we'll come back with current pricing and exact guidelines.
Program guidelines and rates can change at any time without notice. Last confirmed 5/17/2026. Not a commitment to lend.
Today's mortgage rates
Conventional
6.250%
6.288% APR
FHA
5.750%
5.780% APR
VA
5.750%
5.780% APR
Conv: 80% LTV, 780 FICO. FHA: 96.5% LTV, 680 FICO. VA: 100% LTV, 680 FICO. 30-yr fixed. Your rate may vary.