FHA Limited 203(k) Rehabilitation Mortgage

The FHA Limited 203(k) Rehabilitation Mortgage is used to purchase or refinance a home that needs minor and/or non-structural rehabilitation where total cost of improvements do not exceed $35,000, unless property is in a Qualified Opportunity Zone (QOZ); Properties located in Qualified Opportunity Zones (QOZ) may have total renovation and repair costs up to $50K. To determine if a property is in a QOZ, please refer to the Opportunity Zones Resources provided by the U.S. Department of Treasury Community Development Financial Institutions (CDFI) Fund.

KA HUD Consultant is not required for FHA Limited 203(k) transactions.