FHA 203(k) Rehabilitation Loans

LENDERLINE® is currently offering FHA 203(k) rehabilitation real estate loans for properties located in the State of California.

  • The property must be located in the State of California.
  • First-time homebuyer OK.
  • Primary residence only.
  • 96.5% loan-to-value down to 580 credit score.
  • 90% loan-to-value with credit scores between 500-579.
  • W-2 wage earner or self-employed.
  • SFR, PUD, condos, townhomes and 2-4 units.
  • Choose your own contractor.
  • Choose your own architectural design.
  • No maximum repair cost.
  • Up to 6 months to complete the work.
  • No reserves required with automated underwriting approval.
  • Up to 50% DTI with automated underwriting approval.
  • Up to 43% DTI with manual underwrite and/or non-traditional credit references.
  • Loan limits are county-specific, click here for FHA loan limit look-up.
  • 30-year fixed rate.
  • No prepayment penalty.

To download a loan application
for our FHA 203(k) rehabilitation loan program:

LENDERLINE® is your FHA 203k rehabilitation lender of choice. Per FHA giuidelines, an FHA 203k rehab loan may be used to renovate a property you already own, or to purchase a property.

Questions? To get today’s interest rates or to receive a FREE mortgage consultation, call LENDERLINE® toll-free at 1-888-661-7888, or complete this form to schedule an appointment.

  • Obtaining a mortgage through Lenderline was by far the best loan process we have ever experienced.
    —

    Jay M.

    Northridge, CA

  • We have purchased and/or refinanced 4 rental properties and 3 different residences... In all those years, we have never dealt with such a professional broker.
    —

    Toni M.

    Westlake Village, CA

  • Lenderline got us a cash-out refinance using 24 months bank statements as income, no tax returns, no 1099, and no 4506-T. They had just the loan product we were looking for, their rates were good, and their attention to detail was outstanding. I have already referred some of my friends.
    —

    Thomas J.

    Perris, CA

  • I was at the end of my rope. Other lenders had turned me down due to a recent short sale, and I had a hard money loan with a balloon payment that was coming due. Lenderline was able to pay off my hard money loan, lower my interest rate, and provide some additional cash out at closing. What a lifesaver!
    —

    Hector R.

    Northridge, CA

  • I had no FICO scores, and Lenderline was able to get me an FHA loan with only 3.5% down. My mortgage payment is less than my rent was, and I am now a happy homeowner thanks to the awesome loan agents at Lenderline.
    —

    Edwin D.

    Los Angeles, CA