Loans By Kathy: FHA 203(k) financing – Eligible Improvements

FHA 203(k) financing – Eligible Improvements

fha 203k, mortgage,loan,first time home buyer

Okay, we have discussed the general guidelines for the FHA 203(k) financing program and the eligible property types. So, what can you do with the money?

Here is a list of eligible improvements that can be made:

·        repair or replace roof

·        repair or replace gutters and downspouts

·        upgrade plumbing system

·        upgrade electrical systems

·        flooring

·        exterior decks and patios and porches

·        MINOR remodeling (no structural repairs)

·        Interior painting

·        exterior painting

·        installation of new doors

·        installation of new windows

·        purchase and installation of new appliances

·        lead-based paint stabilization

·        disability access improvements

·        basement finishing or remodeling (no structural repairs)

·        basement waterproofing

·        exterior wall residing

·        septic system repair or replacement

·        water well repair or replacement

This is a comprehensive list to take that ugly duckling home and turn it into a showplace.

For more information regarding the FHA 203K rehab financing loan please check out these other links:

FHA 203(k) Financing - Eligible Properties

FHA 203(k) Financing - General Guidelines

For more information please feel free to give me a call.


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Kathy Sheehan Senior Loan Officer






Bay Equity LLC

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11475 Great Oaks Way, Suite 350, Alpharetta, GA 30002

800.BAY.3703 Bay Equity LLC NMLS ID#76988



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The opinions and general information in this blog are soley those of Kathy Sheehan.  Specifics regarding an individual case should be discussed in detail with a loan professional.  For a confidential consultation, please feel free to contact me via phone or email.  All terms and conditions are subject to change.


Comment balloon 2 commentsKathy Sheehan • February 25 2012 01:55PM


Kathy - Thank you for sharing detailed quality information on FHA 203(k) financing, eligible improvements.

Posted by John Pusa, Your All Time Realtor With Exceptional Service (Berkshire Hathaway Home Services Crest) about 7 years ago

John, it makes a great checklist!  I hope you find it helpful!

Posted by Kathy Sheehan, Senior Loan Officer (Bay Equity, LLC 770-634-4021) about 7 years ago