About 203k Calculator
Home
Site Map
Other Resources
Print
  203k Calculator Overview  
  Basic Information  
  203k Calculator allows you to calculate the maximum FHA mortgage loan amount that HUD will insure for a property under Section 203(k) of the National Housing Act, Rehabilitation Mortgage Insurance, for Standard or Limited 203(k) purchase or refinance cases.  
   
 
bullet

A Standard 203(k) case (a) requires the use of a 203(k) Consultant and (b) is used for remodeling and repairs that have a minimum repair cost of $5,000. See the HUD Handbook 4000.1 for more details regarding a Standard 203(k) case.
   
bullet

A Limited 203(k) case (a) does not require the use of a 203(k) Consultant (the use of one is optional), (b) has no minimum repair cost, and (c) is used for minor remodeling and repairs. The maximum repair cost cannot exceed $75,000.

Note: For a Limited 203(k) case for which an FHA case number was assigned prior to 11/04/2024, the total rehabilitation cost amount cannot exceed $35,000 or $50,000 for property located within a Quality Opportunity Zone (QOZ),

See the HUD Handbook 4000.1 for more details regarding a Limited 203(k) case.
   
 
 

The date the FHA case number was assigned to the mortgage determines whether use of the 203k Calculator is optional or required:

bullet
 Optional for 203(k) case numbers assigned between September 14, 2015 and October 30, 2016.
   
bullet
 Required for all 203(k) case numbers assigned on/after October 31, 2016.
   

 
Topics
  
  203k Calculator Overview:  
  Basic Information  
  Calculator Versions  
  User Authorizations  
  Reference Materials  
  Tips for Entering Case Data