Can the 203(k) program be used to elevate the existing foundation of a home?

Yes, under the Standard 203(k) program eligible improvements include repairing, reconstructing or elevating an existing foundation where the Structure will not be demolished

The Standard 203(k) requires a minimum of $5,000 in eligible improvements.

The Limited 203(k) program may not be used for structural repairs.

For additional information see Handbook 4000.1 II.A.8.a.i.(A)(1); II.A.8.a.vi.(A)(1); II.A.8.a.vii.(A) at https://www.hud.gov/program_offices/administration/hudclips/handbooks/hsgh

All policy information contained in this knowledge base article is based upon the referenced HUD policy document. Any lending or insuring decisions should adhere to the specific information contained in that underlying policy document.


Topic Number: KA-02291