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Is there a minimum or a maximum repair amount for an FHA 203(k) Loan?

April 26, 2017FHA k loan maximum minimum Repair

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Is there a minimum or a maximum repair amount for an FHA 203(k) Loan?

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FHA 203(k) Streamline: no minimum – $35,000 maximum* FHA 203(k) Standard/Full: $5,000 minimum – no pre-set maximum* *The maximum is always limited by lesser of the borrowers approval limit, the FHA maximum mortgage limit for the area or 110% of the improved appraised value.