01
Standard 203(k)
- Approved consultant required
- At least $5,000 in eligible rehabilitation
- Structural alterations and additions may be eligible
- Up to five draw requests: four intermediate and one final
- Rehabilitation period generally up to 12 months
Program comparison
FHA 203(k) Standard vs. Limited: Which Path Fits?
The repair budget matters, but structural work, property conditions, lender overlays, draw needs, and timing can determine the right track.
02
Limited 203(k)
- Consultant generally optional unless required by the lender
- Eligible rehabilitation generally limited to $75,000
- No structural repair or alteration
- Up to four draws per contractor or borrower-contractor
- Rehabilitation period generally up to nine months
03
Three reasons a small project may still need Standard
- The work is structural
- Required repairs exceed Limited eligibility even when the desired upgrades do not
- The scope, specialists, or lender controls require the Standard process
04
Ask your lender
- Which 203(k) product are you underwriting?
- What property or scope issues affect eligibility?
- Will you require a consultant on a Limited file?
- Which inspections, draws, specialists, and contingency rules will apply?
- What completion deadline and extensions policy will govern?
Next step
Do not choose from the budget alone
Share the property and repair concept with your lender, then contact us when a consultant review or assignment is needed.