Structural work, foundation repairs, room additions, or budgets over $75,000? FHA 203(k) Standard →
Contractors
No FHA 203(k) consultant required on Limited — licensed contractor bids and lender inspections drive the file.
Draw schedule
10% holdback on each draw. Up to 50% of labor and materials may be advanced before work begins if the contractor cannot wait for payment.
Completion
All renovation work must be completed within nine months of closing.
Not appropriate for structural changes, room additions, foundation work, or moving load-bearing walls — use Standard 203(k) for those scopes.
Limited-only calculator
Locked to Limited Streamline rules — $75,000 rehab cap, $50,000 minimum loan, LTV checks, contingency breakdown, and two draw inspections ($400 total).
Estimated monthly payment
· % · PITI + MIP + HOA
Limited rules reminder
Guides
Straight answers on eligibility, eligible homes, improvements, credit, down payment, buy-and-renovate, refinance, DIY rules, contractors, draws, consultants, timelines, closing costs, and how Limited compares to Standard and HomeStyle.
Ryan and Steve will review your contractor bids, confirm your scope stays non-structural and under the $75,000 cap, and walk you through purchase or rate/term refinance on one FHA note.
All loans are subject to credit and property approval. FHA 203(k) Limited guidelines, loan limits, MIP rules, and pricing are subject to change without notice and may not be available in all areas. This website is not affiliated with or endorsed by HUD, FHA, or any government agency. Calculator results are estimates only and are not a commitment to lend. Information is for educational purposes only.