FHA Limited 203(k) Rehabilitation Mortgage

Thank you for making Peoples Discount Mortgage the #1 203(k) lender for Origination's.


The Federal Housing Administration's FHA Limited 203(k) Rehabilitation Mortgage is an easy to use mortgage program specifically designed for those who wish to make improvements on a home they own, or would like to buy.

Rather than having to obtain a separate loan to finance the cost of repairs (or walking away from a home they love because they don't have the cash for home improvements), the FHA Limited 203(k) Rehabilitation Mortgage allows you to finance these costs -- up to $35,000 -- within your FHA purchase or refinance itself.

Some Improvements you can perform with the FHA Limited 203(k)

A FHA Limited 203(k) Rehabilitation Mortgage allows for a wide variety of home improvements to be performed on a home. The program is primarily intended for simple repairs, light remodeling, and upgrades (including money saving energy efficient upgrades), not for major remodeling projects.

  • Repair, replace, and upgrade roofs, gutters and downspouts
  • HVAC systems (heating, vacuum, and AC)
  • Plumbing and electrical systems
  • Flooring, exterior decks, patios, and porches
  • Minor remodeling that does not involve structural repairs
  • Interior and exterior painting
  • Weatherization, including doors, windows, insulation, stripping, etc
  • Appliance purchase & installation (ie kitchen appliances, washer, dryer)
  • Energy efficient upgrades
  • Lead-based paint removal & stabilization
  • Exterior wall re-siding and more!


If you have any questions regarding this or any other program, you can either chat with a Program Specialist by clicking on the link at the bottom of the page, call a Program Specialist using the toll free number or e-mail loans@pdmtg.com


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