What is an FHA 203k Home loan Standards getting Family Home improvements Searched Venture Whether you are seeking snapping up a bargain house and you will renovating they for your needs, or you have a home laden up with dated appliances that you would need exchange, an FHA 203k home loan could be the option to your own monetary needs. Unlike standard mortgages, it financing technically referred to as Federal Property Administration’s 203k Treatment Home loan Insurance Program wraps repair and purchase otherwise recovery and refinancing costs towards one financial.