FHA 203(k) qualification: credit, 3.5% down, primary residence, DTI, and renovation feasibility with The 2 Mortgage Guys.
Who Qualifies for an FHA 203(k) Loan? | The 2 Mortgage Guys
FHA 203(k) qualification: credit, 3.5% down, primary residence, DTI, and renovation feasibility with The 2 Mortgage Guys.
Who Qualifies for an FHA 203(k) Loan?
The Five Qualification Pillars
Typical FHA 203(k) Guidelines
Occupancy Rules
How We Qualify You Before You Write the Offer
Keep Exploring
Frequently Asked Questions
Find Out If You Qualify for FHA 203(k)
FHA 203(k) qualification follows FHA underwriting — credit, income, assets, and primary-residence occupancy — plus renovation-specific requirements like contractor bids, Limited vs Standard path selection, and a completable scope of work.
Underwriters evaluate the borrower and the renovation plan together — weak credit or an unrealistic scope can stop a file even when the property itself qualifies.
These are educational snapshots — Luminate Bank overlays and current HUD guidelines control your actual approval.
FHA 203(k) is built for owner-occupants. Intended use drives eligibility more than on HomeStyle.
Ryan and Steve front-load the renovation review so you know whether FHA 203(k) clears before you commit to a rehab-heavy contract.
Step
Send your credit snapshot, income docs, and contractor bids — we will confirm FHA rehab eligibility before you go under contract.
All loans are subject to credit and property approval. FHA program 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. Information is for educational purposes only and is not a commitment to lend.
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