203(k) Rehabilitation Mortgage Insurance Program
GPTKB entity
Statements (41)
| Predicate | Object |
|---|---|
| gptkbp:instanceOf |
Federal housing program
|
| gptkbp:administeredBy |
gptkb:Federal_Housing_Administration
gptkb:U.S._Department_of_Housing_and_Urban_Development |
| gptkbp:allows |
purchase and renovation of homes
refinancing and renovation of existing homes |
| gptkbp:appliesTo |
single-family homes
1-4 unit residential properties condominiums (with restrictions) |
| gptkbp:availableOn |
gptkb:United_States
|
| gptkbp:eligibility |
gptkb:government_agency
nonprofits owner-occupants |
| gptkbp:establishedBy |
gptkb:Section_203(k)_of_the_National_Housing_Act
|
| https://www.w3.org/2000/01/rdf-schema#label |
203(k) Rehabilitation Mortgage Insurance Program
|
| gptkbp:improves |
flooring
modernization accessibility improvements for disabled persons elimination of health and safety hazards energy conservation improvements improvements in appearance roofing, gutters, downspouts structural alterations replacement of plumbing, heating, AC, electrical systems |
| gptkbp:ineligibleBorrowers |
investors (for most cases)
|
| gptkbp:ineligibleImprovements |
luxury items (e.g., swimming pools, outdoor fireplaces)
|
| gptkbp:limited203kPurpose |
minor repairs and non-structural improvements
|
| gptkbp:maximumLoanAmount |
no minimum
FHA mortgage limits for the area |
| gptkbp:maximumRepairCost |
$35,000 (Limited 203(k))
|
| gptkbp:minimumRepairCost |
$5,000 (Standard 203(k))
|
| gptkbp:purpose |
to enable homebuyers and homeowners to finance both the purchase and rehabilitation of a home through a single mortgage
|
| gptkbp:requires |
FHA-approved lender
FHA mortgage insurance premium FHA-approved appraiser |
| gptkbp:standard203kPurpose |
major repairs and structural alterations
|
| gptkbp:targetUser |
FHA-insured mortgage
|
| gptkbp:type |
gptkb:Limited_203(k)
gptkb:Standard_203(k) |
| gptkbp:website |
https://www.hud.gov/program_offices/housing/sfh/203k/203k--df
|
| gptkbp:bfsParent |
gptkb:FHA
|
| gptkbp:bfsLayer |
5
|