FHA 203(k) Rehabilitation Mortgage

Federal Housing Administration

Available Home Repair

About This Program

FHA 203(k) Rehabilitation Mortgage is available to homeowners in Bayonne, NJ.

FHA-insured mortgage that allows homebuyers to finance both purchase and renovation costs in a single loan. Also available for refinancing existing homes with major repairs. Minimum credit score and down payment requirements apply.

Loan combines purchase price plus estimated renovation costs

Verified against Federal Housing Administration's official page on 2026-06-17.

Data last verified 2026-06-09. How we verify our data.

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

Key Details

  • Combines purchase and renovation financing
  • FHA loan limits apply to Bayonne area
  • Minimum 3.5% down payment
  • Credit score 580+ typically required
  • Must use FHA-approved contractors

How to Apply

Get free help applying Visit Official Program Page Track this program

(800) 225-5342

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

This grant requires a licensed contractor

This grant requires the work to be done by a licensed contractor, and you will likely need a written estimate to apply. Get a free estimate from a contractor in Bayonne who knows grant paperwork.

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: Available through FHA-approved lenders year-round

Questions about this program?

Ask us. It is free, and a real person answers within a business day.

Email us about this program

Frequently asked questions

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

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

How do I apply for FHA 203(k) Rehabilitation Mortgage in Bayonne, NJ?

Apply directly with Federal Housing Administration using the official program link on this page or call (800) 225-5342. There is no middleman and no fee.

Need a Contractor for This Grant?

Grant-approved contractors understand the documentation, inspections, and timelines, so your funding releases on schedule.

Get matched with a pro, free Browse Bayonne, NJ contractors

Find More Programs in Bayonne, NJ

This is just one of many grants, rebates, and free programs available. Stack them together to maximize your savings.

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