FHA 203(k) Standard (Full) | The 2 Mortgage Guys

Full FHA 203(k) Standard for major rehab — structural work, room additions, HUD consultant, 5 draws, 12-month completion, and Standard calculator.

FHA 203(k) Standard (Full) | The 2 Mortgage Guys

Full FHA 203(k) Standard for major rehab — structural work, room additions, HUD consultant, 5 draws, 12-month completion, and Standard calculator.

FHA 203(k) Standard (Full)

Purpose

At a Glance

Eligible Property Types

What Can Be Financed?

Eligible Repairs

Not Allowed

Consultant & Contractors

Draw Schedule & Timeline

Finance PITI When Uninhabitable

Eligible Mortgage Products

Ideal Uses

FHA 203(k) Standard Loan Calculator

Related Programs & Guides

Common FHA 203(k) Questions

Ready for a Full FHA 203(k) Standard?

Estimate for educational purposes only. Not a loan approval or commitment to lend. Standard 203(k) requires a HUD consultant, one general contractor, max 5 draws, 12-month completion, and no DIY work in escrow.

Finance major renovations — structural work, foundation repairs, room additions, and extensive rehabilitation — in one FHA-insured mortgage sized on after-improved value. HUD consultant required, up to 5 draws, and a 12-month completion window.

Scope under $75,000 and non-structural? See FHA 203(k) Limited Streamline →

The FHA 203(k) Standard is designed for homes requiring major renovations — including structural work, foundation repairs, room additions, and extensive rehabilitation. It can be used to purchase or rate/term refinance a primary residence while financing eligible renovation costs in the same FHA-insured note.

Ryan and Steve engage a HUD-approved 203(k) consultant early on Standard files so scope, bids, and draw milestones are locked before appraisal and closing.

Standard 203(k) follows FHA-eligible property rules for renovation mortgages.

The renovation escrow on Standard 203(k) may include labor, professional fees, reserves, and carrying costs when the home is uninhabitable.

A HUD-approved FHA 203(k) consultant is required on every Standard file.

One general contractor manages the project; specialty contractors are permitted as needed for licensed trades.

Standard 203(k) uses a structured draw process with consultant oversight and a firm completion deadline.

If the home cannot be occupied during construction, the loan may finance up to 12 months of principal, interest, taxes, and insurance (PITI) for the period the borrower cannot live in the property. Use the calculator below to estimate a financed PITI reserve.

Standard 203(k) fits significant rehabilitation — more flexibility than Limited, with a fuller consultant and draw process.

Standard 203(k) only

Locked to Full Standard rules — $5,000 minimum repairs, consultant fee, 5 draw inspections, contingency reserve, and 96.5% / 97.75% LTV limits vs. after-repair value.

Standard 203(k) rules applied

$ down

Estimated Monthly Payment

Rehab escrow breakdown

This calculator is for informational purposes only. Results are estimates and are not exact — they do not include all closing costs, prepaid interest, or escrow deposits. Contact us for a personalized quote.

All loans are subject to credit and property approval. FHA 203(k) Standard program guidelines, loan limits, MIP rules, consultant requirements, 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.

Compare paths or dive deeper into FHA 203(k) rules shared across Standard and Limited.

Mortgage Knowledge Center

Straight answers on eligibility, eligible homes, improvements, credit, down payment, buy-and-renovate, refinance, DIY rules, contractors, draws, consultants, timelines, closing costs, and how Standard compares to Limited and HomeStyle.

Send your property, contractor bids, and renovation scope — Ryan and Steve will confirm Standard 203(k) fits before you go under contract on a major rehab.

Logo

window.open(APPLY_URL, '_blank', 'noopener')} className="px-8 py-4 rounded-xl text-[#020617] text-lg font-semibold transition-all duration-200 hover:shadow-[0_0_20px_rgba(30,205,241,0.25)] active:scale-[0.98]" style= >Get Pre-Approved
document.getElementById('standard-calculator')?.scrollIntoView( )} className="px-8 py-4 rounded-xl text-sm font-semibold border border-[#1e293b] text-[#e2e8f0] transition-all duration-200 hover:bg-white/[0.05] active:scale-[0.98]">Loan Calculator
navigate('/fha-203k-limited')} className="font-semibold transition-colors hover:underline" style= >See FHA 203(k) Limited Streamline →
setCalc( )} className= >Purchase
setCalc( )} className= >Rate/Term Refi
setCalc( )} className= >
Print Estimate
window.open(APPLY_URL, '_blank', 'noopener')} className="flex-[2] py-3.5 rounded-xl text-[#020617] text-lg font-semibold transition-all hover:shadow-[0_0_20px_rgba(30,205,241,0.25)] active:scale-[0.98]" style= > Get Pre-Approved
window.open(APPLY_URL, '_blank', 'noopener')} className="px-8 py-4 rounded-xl bg-[#020617] text-white text-lg font-semibold transition-all duration-200 hover:bg-[#0f172a] active:scale-[0.98]">Get Pre-Approved
navigate('/contact-us')} className="px-8 py-4 rounded-xl border-2 border-[#020617] text-[#020617] text-lg font-semibold transition-all duration-200 hover:bg-[#020617]/10 active:scale-[0.98]">Talk to Ryan & Steve

} onBlur= >Skip to main content
} className="hover:text-[#1ecdf1] transition-colors">Home
} className="hover:text-[#1ecdf1] transition-colors">Renovation Loans
} className="hover:text-[#1ecdf1] transition-colors">FHA 203(k)
} className="group rounded-2xl border border-[#1e293b] bg-[#0f172a] p-6 transition-all duration-200 hover:border-[#1ecdf1]/40 hover:-translate-y-1 active:scale-[0.98]">
} className="group flex items-start justify-between gap-4 py-4 border-b border-[#1e293b] transition-all duration-200 hover:pl-1 active:scale-[0.99]" >