HOT NEWS! From Mo Albers: Have You Seen the Updated FHA 203(k)?

A Smarter Way to Buy a Home That Needs Work

This may be the FHA option you’ve been looking for.

Not every great home is move-in ready. The FHA 203(k) renovation-loan programs may allow qualified buyers to combine the purchase of a home and eligible improvements into one loan.

I broke down how the program works, what types of improvements may qualify, and the difference between the Limited and Standard FHA 203(k).

Read the full HOT NEWS blog here:

Renovate a Single Family, Duplexes and up to a total of 4-Units! 

It may allow qualified buyers to finance the purchase of a home and eligible improvements through one loan. As of July 2026 Buyers can take up to 4 distributions, to pay Seller and Subs over 12 month rehab. 

It could open up more possibilities if the right home needs some work.

[VIEW THE FHA 203(k) OVERVIEW Flyer from Hud.com]
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Eligible Property Types

Single family homes

Single family homes with eligible ADUs

Two-to four-family units

Townhomes

Manufactured homes titled as real estate, where the rehabilitation does not affect the structural components

Eligible condominium units and site condo units (improvements are limited to the unit’s interior)

HUD Homes/Real-Estate Owned properties

Mixed use properties that are primarily residential (at least 51%)

HOT NEWS WITH MO ALBERS:
A Smarter Way to Buy-Sell-List-Design a Home That Needs Work