FHA 203(k) Rehabilitation Mortgage

HUD / FHA, Austin-area lenders

Available Home Repair

About This Program

FHA 203(k) Rehabilitation Mortgage is available to homeowners in Austin, TX.

FHA 203(k) allows homebuyers and existing owners to finance both the purchase/refinance of a home and renovation costs in a single mortgage. The Limited 203(k) covers minor improvements up to $75,000; the Standard 203(k) has no renovation cap (subject to county FHA loan limits) and allows structural repairs, full kitchen/bath remodels, HVAC replacement, and more. Minimum 3.5% down with 580+ credit score.

Loan, not a grant. Interest rate typically 0.5%-1% above standard FHA. Minimum $5,000 in renovations. Must be primary residence. Travis County FHA loan limit for 2025: approximately $766,550 for single-family.

Verified against HUD / FHA, Austin-area lenders's official page on 2026-06-17.

Data last verified 2026-04-03. How we verify our data.

This is a national program. In Austin, TX, you can stack it with local programs like these:

Key Details

  • Renovation financing rolled into single FHA mortgage, no separate construction loan
  • Limited 203(k): up to $75,000 in repairs | Standard 203(k): structural and major renovations
  • Min. 3.5% down payment, 580+ credit score
  • Must be primary residence; min. $5,000 in renovation costs
  • Contact HUD housing counselor at 800-569-4287 for lender referrals

How to Apply

Get free help applying Visit Official Program Page Track this program

800-569-4287

A grant-savvy contractor in Austin, TX can handle the paperwork, inspections, and timelines so your funding releases on schedule. Getting matched is free.

You will likely need a contractor to apply

Projects like this almost always need a licensed contractor, and many grants ask for a written estimate as part of your application. Lining up a contractor in Austin early keeps your application moving.

Get matched with a contractor

Each program sets its own contractor rules. Check the official program page for exact requirements.

Your application paperwork

An FHA mortgage that rolls the cost of repairs or renovation into the loan to buy or refinance a home. The rehab work must total at least 5,000 dollars. You apply through an FHA approved lender, not a government office.

Steps to apply

  1. Find an FHA approved lender that offers the 203(k) program.
  2. Apply with that lender and choose Standard 203(k) (larger projects) or Limited 203(k).
  3. The lender brings in a HUD approved 203(k) consultant who prepares a work write-up and cost estimate.
  4. The lender underwrites, closes, and funds the loan, and the repair funds are released as the work is done.
Get the official form

Documents you will likely need

  • Standard mortgage application documents (income, assets, credit).
  • Contractor bids and a work write-up for the planned repairs.
  • Information about the property you are buying or refinancing.
Download this checklist (PDF)

Requirements vary by program and locality. Confirm the exact rules on the official program page. We can help you prepare your paperwork, but you submit it yourself.

Deadline: Rolling

Questions about this program?

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Frequently asked questions

How much can FHA 203(k) Rehabilitation Mortgage provide in Austin, TX?

Limited: up to $75,000 in repairs; Standard: FHA loan limits.

Who qualifies for FHA 203(k) Rehabilitation Mortgage in Austin?

FHA 203(k) Rehabilitation Mortgage is open to homeowners in Austin, TX. It has no income limit.

How do I apply for FHA 203(k) Rehabilitation Mortgage in Austin, TX?

Apply directly with HUD / FHA, Austin-area lenders using the official program link on this page or call 800-569-4287. There is no middleman and no fee.

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