Repairs Allowed on FHA 203k Reno Loan
Below are 2 lists that outline the repairs that FHA 203k allows and that FHA 203k does not allow.
FHA 203k Allowable Repairs
- Roof: repair or replacement (covering, underlayment)
- Gutters/downspouts: install/repair/replace
- Insulation: ceilings/walls/asbestos removal
- Weatherization items/repairs/improvements
- Siding/windows/doors
- Paint: interior/exterior/lead paint abatement
- Kitchen: all appliances/cabinets/total rehab
- Electrical: repair/replace/recondition all
- Plumbing: repair/replace/recondition all
- Repair/replace HVAC or other systems
- Flooring/sub-flooring/tile/carpet/wood
- Termite treatment/damage repair
- Install well/septic
- Landscaping/fencing
- Mold remediation or mold removal
- Handicap accessibility improvements
- Foundation repairs
- Upgrade/repairs for health and safety
- Swimming pool and related equipment up to $1,500
- Room Additions: by exceptions only
FHA 203k Non-Allowable Repairs
- Complete tear down
- Moving of a dwelling from another location to the subject site
- Adding swimming pools or other luxury items such as outdoor kitchens /BBQs /saunas /spa
- Repairs that would cause the property be become unmarketable
- Television antenna and satellite dishes
- Additions or alterations for commercial use
- SFR conversion to a 2 unit
- Repairs performed by the borrower (self help not allowed regardless of borrower’s occupation)
- Projects that will take more than 120 days to complete
- Repairs that exceed 50% of the “as repaired value” reflected on line B14 of the 92700 up to $150,000.
- Any repairs in excess of $150,000 require an exception
The allowable repairs must all be completed by a licensed contractor. Please see our FHA 203k main site for more on contractor requirements.