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Your Leading Source for the FHA - 203(K) Renovation Program!
For the Consultant (K), there is a minimum requirement of $5,000 in eligible improvements on the subject property. There is no minimum requirement for a Streamline (K). Repairs and improvements must comply with HUD’s Minimum Property Standards (24 CFR 200.926d and / or HUD Handbook 4905.1). Keep in mind these items:
· The repairs must meet local building, zoning, and all other applicable codes.
· Any deficiencies in thermal efficiency and / or smoke detectors must be included in the repairs.
· Smoke detectors are required adjacent to each sleeping area.
The following list provides examples of eligible and ineligible repairs for 203 Consultant K loans. Additional restrictions apply to Streamline K loans.
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Eligible / Ineligible Repairs For 203(K) |
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Eligible |
Ineligible |
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Structural alterations and additions (Consultant K only) |
New tennis court |
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Garage (attached / detached / new) |
Gazebo or bathhouse |
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Remodel kitchen or bathroom |
Additions or alterations to provide for commercial use |
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Install appliances |
Photo mural |
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Changes to eliminate deterioration and reduce maintenance |
Television antenna or satellite dish |
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Repair swimming pool (up to $1,500) |
New swimming pool |
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Modernize plumbing/heating/air conditioning/ electrical systems |
Outdoor fireplace/hearth/barbecue pit |
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Install or repair well / septic system |
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Install or repair roofing / gutters / downspout |
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Install flooring / tile / carpet |
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Energy conservation improvements |
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Major landscaping / decks / fencing |
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Improvements for accessibility (e.g., handicapped ramp) |
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Interior and exterior painting |
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Improvements that are a permanent part of the real estate |
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