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Any House

Any Buyer

Any Time





203k HUD Rehab Home Loans

KASH Mortgage Group provides home buyers another option using 203k HUD rehab home loan program. HUD is the Department of Housing and Urban Development and it employs the Federal Housing Administration (FHA) to administer various single family mortgage insurance programs. The 203K loan is one of those mortgage insurance programs that the FHA administers. The primary purpose of the 203K HUD rehab home loan program is to Rehabilitate and Repair single family properties. It’s a tool to help revitalize communities and neighborhoods while expanding opportunities of home ownership.

The 203K rehab loan is perfect for home buyers that want to purchase a home that needs to be repaired or modernized. The loan provides the home buyer the combined funding to purchase both the property and repair costs all in one mortgage loan. Without the 203K HUD rehab home loan, home buyers would first need to purchase the home with one loan, then obtain an additional loan for repairs, and then have to consolidate both loans into a permanent mortgage once complete. The 203K HUD rehab home loan eliminates all those steps and provides one loan to make your dream home come true.

How The 203K HUD Rehab Home Loan Can Be Used

This program can be used in 1 of 3 ways to improve or rehabilitate an existing one to four unit dwelling:

  • Purchase a dwelling and property where it is currently located.
  • Purchase a dwelling from another location and move it to a property with an existing foundation.
  • Refinance any liens secured against a property and it’s dwelling (must be a 1st lien on property)

Ineligible Improvements

  • Luxury improvements

Eligible Improvements

All Health, Safety, and Energy Conservation items must be completed before general home improvements. Improvements would include:

  • Kitchens & Baths
  • Roofing
  • Water Proofing
  • Windows & Doors
  • Painting
  • Room Additions
  • Decks

All Mortgages are in Black & White




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Maximum Mortgage Amounts

This loan may be used as a Purchase or Refinance.

The value after rehabilitation is determined by the comparison between the expected market value of the property and the proposed improvements. In other words, the property’s purchase price (or “As Is Value”) plus the cost of improvements will not exceed 110% of the “After-Improved Value”. The HUD appraisal may be sufficient but the lender may request another appraisal if they deem it insufficient.

Call Us With Your Questions At: 866.866.5274, or start your Pre-Approval Application below

Send Us Your Questions About the 203K Loan Program

Home Loan Types