FHA 203(k) loan program

GPTKB entity

Statements (32)
Predicate Object
gptkbp:instanceOf loan program
gptkbp:administeredBy gptkb:Federal_Housing_Administration
gptkbp:allows financing of home purchase and repairs in a single mortgage
gptkbp:appliesTo single-family homes
mixed-use properties (with restrictions)
1-4 unit properties
condominiums (with restrictions)
gptkbp:canBe modernization
accessibility improvements
energy conservation improvements
luxury improvements (e.g., swimming pools)
structural repairs
remodeling
gptkbp:country gptkb:United_States
gptkbp:established 1978
gptkbp:hasVariant gptkb:Limited_203(k)_loan
gptkb:Standard_203(k)_loan
https://www.w3.org/2000/01/rdf-schema#label FHA 203(k) loan program
gptkbp:insuredBy gptkb:Federal_Housing_Administration
gptkbp:maximumLoanAmount subject to FHA loan limits
gptkbp:minimumDownPayment 3.5%
gptkbp:purpose home purchase and renovation
gptkbp:requires FHA-approved lender
licensed contractor for repairs
mortgage insurance premium
property must be primary residence
gptkbp:targetAudience homeowners
homebuyers
gptkbp:type government-backed loan
gptkbp:website https://www.hud.gov/program_offices/housing/sfh/203k/203k--df
gptkbp:bfsParent gptkb:FHA_203(k)_Streamline_loan
gptkbp:bfsLayer 7