Section 203(k) program

GPTKB entity

Statements (30)
Predicate Object
gptkbp:instanceOf Federal housing program
gptkbp:administeredBy gptkb:Federal_Housing_Administration
gptkbp:allows financing of both purchase and renovation costs
gptkbp:appliesTo one- to four-family dwellings
gptkbp:availableOn gptkb:United_States
gptkbp:eligibility luxury improvements
gptkbp:eligibleProperties HUD-approved condominiums
mixed-use properties (with restrictions)
primary residences
gptkbp:enables homebuyers to finance purchase and renovation with a single mortgage
homeowners to refinance and rehabilitate their homes
gptkbp:establishedBy gptkb:National_Housing_Act
https://www.w3.org/2000/01/rdf-schema#label Section 203(k) program
gptkbp:includes gptkb:Limited_203(k)_loan
gptkb:Standard_203(k)_loan
gptkbp:maximumLoanAmount subject to FHA mortgage limits
gptkbp:minimumRepairCost $5,000 (Standard 203(k))
gptkbp:partOf gptkb:U.S._Department_of_Housing_and_Urban_Development
gptkbp:purpose rehabilitation and repair of single-family homes
gptkbp:requires FHA-approved lender
appraisal based on improved value
licensed contractor for repairs
gptkbp:targetAudience homeowners
homebuyers
investors (with restrictions)
gptkbp:targetUser FHA-insured loan
gptkbp:type mortgage insurance program
gptkbp:website https://www.hud.gov/program_offices/housing/sfh/203k/203k--df
gptkbp:bfsParent gptkb:Federal_Housing_Administration
gptkbp:bfsLayer 4