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Is there a minimum or a maximum repair amount for an FHA 203K Loan?

April 26, 2017FHA loan maximum minimum Repair

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Is there a minimum or a maximum repair amount for an FHA 203K Loan?

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There is NO minimum repair amount required for an FHA 203K Streamlined Loan. The maximum repair amount for an FHA 203K Streamlined Loan is $35,000 or 110% of the after fix-up appraised value, whichever is less. The minimum amount for the FHA 203k Rehab Loan is $5,000 and the maximum is 110% of the after fix-up appraised value.