FHA 203(k) Rehabilitation Mortgage

U.S. Department of Housing and Urban Development

Available Home Repair

About This Program

FHA 203(k) Rehabilitation Mortgage is available to homeowners in New York City, NY.

FHA 203(k) combines home purchase or refinance with renovation costs into a single mortgage. Limited 203(k) covers up to $75,000 in rehab. Standard 203(k) allows major structural work up to the FHA loan limit. NYC high-cost area limit is $1,209,750.

Limited 203(k): up to $75,000 rehab. Standard: up to FHA limit. Min $5,000 rehab.

Official program page checked live on 2026-06-22.

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

In New York City, NY, you can combine this program with other local help to cut your cost:

Key Details

  • Combines purchase/refinance with renovation in one mortgage
  • Limited 203(k): up to $75,000 in rehab costs
  • Standard 203(k): major work up to FHA loan limit
  • NYC high-cost area limit: $1,209,750
  • Up to 12 months of mortgage payments can be included

How to Apply

Get free help applying Visit Official Program Page Track this program

800-225-5342

A grant-savvy contractor in New York City, NY 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 New York City 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: Ongoing

Questions about this program?

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

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Frequently asked questions

How much can FHA 203(k) Rehabilitation Mortgage provide in New York City, NY?

Up to FHA loan limit ($1,209,750 in NYC).

Who qualifies for FHA 203(k) Rehabilitation Mortgage in New York City?

FHA 203(k) Rehabilitation Mortgage is open to homeowners in New York City, NY. It has no income limit.

How do I apply for FHA 203(k) Rehabilitation Mortgage in New York City, NY?

Apply directly with U.S. Department of Housing and Urban Development using the official program link on this page or call 800-225-5342. There is no middleman and no fee.

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