Rehabilitation Mortgage Insurance
Active
- Assistance listing
- 14.108
- Agency
-
Assistant Secretary for Housing Federal Housing Commissioner
Department of Housing and Urban Development
- Grant awards
- Not on record
Program facts
- Also known as
- FHA Rehabilitation Mortgage- 203(k)
- Treasury account
-
- 86-4587-0-3-371
- More information
Program details come from SAM.gov Assistance Listings. Updated .
About this program
The Department of Housing and Urban Development's Federal Housing Commissioner administers the Rehabilitation Mortgage Insurance program (CFDA 14.108), which finances repairs and improvements to one to four family properties for homeowners and homebuyers through FHA-insured mortgages with no specified application deadline.
The program serves as HUD's primary tool for single-family residential rehabilitation and neighborhood revitalization. Eligible applicants are individuals and families seeking to finance repair or improvement costs on an existing home or a home they intend to purchase. Construction periods typically run six months, with mortgage terms extending up to thirty years. Loans are originated and approved by FHA-approved lending institutions rather than awarded directly by HUD; lenders make approval decisions and must follow FHA regulations and acceptable mortgage practices for servicing and record maintenance. Applicants who face loan denial may reapply with lender concurrence or apply through a different HUD-approved lender.
The source provides no recent grant award data, portfolio composition by assistance type, funding concentration, or information on award magnitudes or recipients. No current grant opportunities or application due dates are specified in the source material. The description provided focuses on program mechanics and eligibility rather than recent funding activity or open solicitation windows.
For business development professionals evaluating pursuit under this program, the source does not surface sufficient information on current activity level, recent award volume or scale, or near-term opportunities to support a pursue or skip decision. Additional due diligence—including review of recent HUD-FHA lending activity, current lender approval lists, and market-level mortgage origination trends—would be necessary to assess whether this program represents an active funding channel for your organization.
Objective and description
- Objective
FHA's 203(k) Rehabilitation Mortgage program is HUD's primary program for the rehabilitation and repair of one to four family properties. It is an important tool for community and neighborhood revitalization and for expanding homeownership opportunit
- Description
The program helps homeowners or homebuyers to finance the cost of repairs or improvements to their existing home or a home they intend to purchase.
Eligibility
- Applicant eligibility
Individual and families.
- Beneficiary eligibility
Individuals and families.
- Uses of assistance
These loans may be used to rehabilitate an existing 1 to 4 unit dwelling in one of four ways: (1) Purchase a structure and the land on which the structure is located and rehabilitate it; (2) purchase a structure on another site, move it onto a new foundation on the mortgaged property and rehabilitate it; or (3) refinance the existing lien secured against the subject property and rehabilitate such a structure. Maximum insurable mortgage loans for an occupant mortgagor are the same as prescribed for Section 203(b) - Program 14.117. HUD offers two 203K rehabilitation loan programs. The limited 203 (k) program does not require a minimum amount of repair costs but the program is capped at a total of $35,000 for the cost of improvements/repairs (with exceptions to $50,000 for properties located in Opportunity Zones). The other program is the Standard 203(k). A minimum of $5,000 of repair/improvement costs are required but, there are no limitations on the amount of the repair/improvements. However, statutory loan limits apply. HUD insures lenders against loss on the 203(k) loan prior to the rehabilitation/improvements are completed.
- Length and time phasing of assistance
The construction period is generally 6 months. The mortgage term may extend for 30 years.
How to apply
- Preapplication coordination
Lenders must be approved by FHA to participate.
- Award procedure
See Application Procedure.
- Time to approval or disapproval
Approval decision is made by a HUD-approved lending institution.
- Appeals
The lender will state the reason for refusing an application. The applicant may reapply subject to concurrence of the lender or may apply through a differenct HUD-approved lender.
Quick answers
What is Assistance Listing 14.108?
Assistance Listing 14.108 is Rehabilitation Mortgage Insurance, a federal grant program run by Assistant Secretary for Housing Federal Housing Commissioner (Department of Housing and Urban Development).
What is the CFDA number for Rehabilitation Mortgage Insurance?
Its CFDA number is 14.108: Assistance Listing numbers were called CFDA numbers before 2018.
On GovTribe
See this program's full record
- Every grant award and opportunity under it
- Funding by recipient, agency and assistance type
- Alerts for new opportunities
- Ask GovTribe AI about this program