FHA 203(k) Rehabilitation Mortgage

Federal Housing Administration

Available Home Repair

About This Program

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

FHA-insured mortgage that finances both the purchase (or refinance) of a house and the cost of its rehabilitation through a single loan. Allows buyers to purchase fixer-uppers in Morristown and finance needed repairs with low down payment requirements.

Loan amount includes purchase price plus cost of approved repairs/improvements

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 Morristown, NJ, you can stack it with local programs like these:

Key Details

  • Finances home purchase + renovation together
  • FHA loan with low down payment (3.5%)
  • Available through approved lenders
  • Covers major repairs and improvements
  • Good for purchasing fixer-upper homes

How to Apply

Get free help applying Visit Official Program Page Track this program

(800) 225-5342

A grant-savvy contractor in Morristown, NJ 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 Morristown 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: Available through approved FHA 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 Morristown?

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

How do I apply for FHA 203(k) Rehabilitation Mortgage in Morristown, 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 Morristown, NJ contractors

Find More Programs in Morristown, NJ

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

See All Programs