Eligible Improvements

Streamline FHA 203k Mortgage Loan

The Streamlined 203k Limited Repair Program allows for less extensive renovation repairs and home improvements, with a minimum repair escrow account of $5,000, not to exceed $35,000.
Eligible repairs using the Streamline FHA 203k Mortgage Loan:
Repair/replacement of roofs, gutters, and downspouts
Repair/replacement/upgrade of existing HVAC systems
Repair/replacement/upgrade of plumbing and electrical systems
Repair/replacement of flooring
Minor remodeling, such as kitchens and bathrooms, which does not involve structural repairs
Painting, interior and exterior
Weatherization, including storm windows and doors, insulation, weather stripping, etc.
Purchase and installation of appliances, including free-standing ranges, refrigerators, washers/dryers, dishwashers and microwave ovens
Accessibility improvements for persons with disabilities
Lead-based paint stabilization or abatement of lead-based paint hazards
Repair/replace/add exterior decks, patios, porches
Basement finishing and remodeling, which does not involve structural repairs
Basement waterproofing
Window and door replacements and exterior wall re-siding
Septic system and/or well repair or replacement
Ineligible repairs for the Streamlined FHA 203k Mortgage Loan:
Major renovation or remodeling, such as relocation of a load-bearing wall
New construction, such as a room addition
Rehab of structural damage, such as caused by termite damage
Repair or home improvement requiring detailed drawings or architectural exhibits
Landscaping or similar site improvements
Repair or home improvement requiring a work schedule longer than six months
Rehab or home improvement that require more than two payments per specialized contractor
Require plans or architectural exhibits
Require a plan reviewer or approved FHA Consultant to develop a "Specification of Repairs/Work Write-Up"
Result in work not starting within 30 days after loan closing
Cause the home buyer to be not be able to occupy the property for more than 30 days during the period in which the rehabilitation is occurring

Full FHA 203k Mortgage Loan

The full FHA 203k rehabilitation mortgage loan covers repair budgets in excess of $35,000, repair items that are ineligible under the streamline 203k program, or require the use of a approved FHA Consultant.
Eligible repairs using the Full FHA 203k Mortgage Loan:
Structural alterations and reconstruction, such as repair or replacement of structural damage, chimney repair, additions to the structure, installation of an additional bath(s), skylights, finished attics and/or basements, repair of termite damage and the treatment against termites or other insect infestation
Convert a one family dwelling to a multi family dwelling (i.e. two to four unit) and vise versa
Changes for aesthetic appeal and elimination of obsolescence such as new exterior siding, adding a second story to the property, covered porch, stair railings, attached carport
Connecting to public water and/or sewer system
Installation of new plumbing fixtures is acceptable, including interior whirlpool bathtubs
Installation of a well and/or septic system
Major landscape work and site improvements, such as patios, decks, and terraces that improve the value of the property equal to the dollar amount spent on the improvements or required to preserve the property from erosion
Rehab of existing walks and driveway is acceptable if it may affect the safety of the property
Adding a detached garage or another dwelling so long as the new addition is attached to the existing dwelling
Improved accessibility to a disabled person, such as remodeling kitchens and baths for wheelchair access, lowering kitchen cabinets, installing wider doors, and exterior ramps
Move an existing house onto another site