FHA 203(k) Loans: Requirements, Rates & How to Apply
FHA renovation loans that combine the purchase price and renovation costs into a single mortgage, available in Standard and Limited options.
580
Min Credit Score
3.5%
Min Down Payment
57%
Max DTI
government
Category
Key Takeaways
- ✓ Minimum credit score requirement: 580.
- ✓ Minimum down payment: 3.5% of the purchase price.
- ✓ Maximum debt-to-income (DTI) ratio: 57%.
- ✓ FHA renovation loans that combine the purchase price and renovation costs into a single mortgage, available in Standard and Limited options.
See FHA 203(k) Loans Rates by State
Alabama (AL) Alaska (AK) Arizona (AZ) Arkansas (AR) California (CA) Colorado (CO) Connecticut (CT) Delaware (DE) District of Columbia (DC) Florida (FL) Georgia (GA) Hawaii (HI) Idaho (ID) Illinois (IL) Indiana (IN) Iowa (IA) Kansas (KS) Kentucky (KY) Louisiana (LA) Maine (ME) Maryland (MD) Massachusetts (MA) Michigan (MI) Minnesota (MN) Mississippi (MS) Missouri (MO) Montana (MT) Nebraska (NE) Nevada (NV) New Hampshire (NH) New Jersey (NJ) New Mexico (NM) New York (NY) North Carolina (NC) North Dakota (ND) Ohio (OH) Oklahoma (OK) Oregon (OR) Pennsylvania (PA) Rhode Island (RI) South Carolina (SC) South Dakota (SD) Tennessee (TN) Texas (TX) Utah (UT) Vermont (VT) Virginia (VA) Washington (WA) West Virginia (WV) Wisconsin (WI) Wyoming (WY)