FHA 203k Limited – Four Draw Payments
Mortgagee Letter 2026-06
Effective Immediately
For FHA loan case numbers assigned on/after June 23, 2026, the FHA 203k Limited now allows a maximum of four draw payments:
- one at the beginning,
- two draws during the renovation, and
- one final
Prior to June 23, 2026
Important: This change applies only to new case numbers. Any Limited 203k loan already in progress — including loans under contract, refinances started, loans already closed, or renovations underway — remains subject to the previous maximum of two draws.
Questions, comments, concerns can be addressed by completing the form below or calling the 203k Help Desk for the 203k Contractor Certification Program at 855-CALL-203k (855-225-5203).
Contractors not yet Certified, click here to answer 5 questions to qualify to be a Certified 203k Contractor®.
Read the Mortgagee Letter 2026-06 below.


