FHA 203(k) Rehabilitation Mortgage

HUD / FHA, Available through approved lenders in Raleigh

Available Home Repair

About This Program

FHA 203(k) Rehabilitation Mortgage is available to homeowners in Raleigh, NC.

The FHA 203(k) Rehabilitation Mortgage enables Raleigh-area homebuyers and existing homeowners to finance both a home purchase (or refinance) and needed repairs in a single mortgage. The Limited 203(k) allows up to $75,000 in non-structural repairs; the Standard 203(k) covers comprehensive rehabilitation. A minimum of $5,000 in eligible repairs is required to use the program.

Estimate for typical Limited 203k repair component for moderate rehabilitation

Verified against HUD / FHA, Available through approved lenders in Raleigh's official page on 2026-06-17.

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

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

Key Details

  • Finance home purchase or refinance plus repairs in one mortgage
  • Limited 203k: up to $75,000 in non-structural repairs
  • Standard 203k: full structural and major rehabilitation
  • Minimum $5,000 in eligible repairs required
  • Available through FHA-approved lenders in the Raleigh metro area

How to Apply

Get free help applying Visit Official Program Page Track this program

A grant-savvy contractor in Raleigh, NC 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 Raleigh 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, apply through any FHA-approved lender in the Raleigh area

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

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

FHA 203(k) Rehabilitation Mortgage is open to homeowners in Raleigh, NC.

How do I apply for FHA 203(k) Rehabilitation Mortgage in Raleigh, NC?

Apply directly with HUD / FHA, Available through approved lenders in Raleigh using the official program link on this page. 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.

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