Marcus Wright Mortgage
Español (682) 403-3406 Apply now
Build & renovate

FHA 203(k) Standard

The short answer FHA 203(k) Standard covers larger eligible rehabilitation projects, including qualifying structural work. It uses an FHA-approved consultant and a managed repair process with inspections and draws. FHA sets cost limits; Marcus checks the current figures, and the full mortgage still goes through FHA limits and underwriting.

Last reviewed: October 18, 2026 · General education, not a loan offer or approval. Availability and terms depend on the lender, the property and your file.

It may fit if

  • You are buying or refinancing a home you will live in that needs substantial or structural repairs.
  • You are ready for a longer, more managed process than a move-in-ready purchase.
  • You have, or can find, a qualified contractor for the work.

Tradeoffs to weigh

  • The process is more involved: consultant, contractor bids, inspections, and draws.
  • Timelines are longer than a standard purchase.
  • FHA sets cost limits, and the loan must stay within FHA limits and underwriting.
  • Contingency reserves and fees add to the total cost.

What to have ready

  • The property and whether you are buying or refinancing.
  • A description of the work, including any structural repairs.
  • Contractor bids or a written scope, if you have them.
  • Your timeline and where you will live during the work.
  • A general picture of your income, debts, and savings.

Questions people ask

Why is there a consultant?

The consultant helps define and oversee the repair process. This does not replace the lender's approval or the contractor's responsibilities.

Will the contractor receive everything at closing?

No. Funds are released through the rehabilitation process and its draw requirements.

Your next step

Tell me what you're trying to do. I'll check which options fit your situation and walk you through the tradeoffs.

Start my applicationTalk to Marcus

Related topics

One-time-close construction loan Two-time-close construction loan Conventional construction loan FHA construction loan VA construction loan Construction takeout financing See the loan programs All topics

Sources

Official program and consumer sources this page is based on. Lender rules can be stricter than these.

Marcus Wright
Who you'll work with

You work with me, start to finish.

Marcus Wright · Loan Officer, NMLS #2789841

Originates through Q Mortgage LLC, NMLS #2567464. Licensed in Texas.

Check my license on NMLS Consumer Access

I aim to get back to you within a few working hours, often sooner.

Se habla español. Every page and form here works in Spanish.

How it works

  1. 1. Tell me your goalCall, book a time or send a note. No SSN and no credit check to start a conversation.
  2. 2. I compare your optionsI look at your income, property and plans, and explain the costs and tradeoffs of each route in plain language.
  3. 3. Apply when you're readyYou apply through a secure application. The lender's underwriting makes the final decision, and I keep you updated until closing.
Contact

Let's talk about your loan.

Call, book a time, or send a quick note. Whatever's easiest.

(682) 403-3406Tap to call Pick a timeBook a call on my calendar Weekend timeSat–Sun, 11 a.m.–7 p.m. Central. I confirm it personally. marcus@qmortgage.aiEmail me anytime

Hours Weekdays 8 a.m.–8 p.m. Central. Weekends 11 a.m.–7 p.m. Central by appointment.

I aim to get back to you within a few working hours, often sooner.

Tell me about your loan