What are the interest rates on a 203k loan?

203k rates are traditionally 1/2%  higher than a normal  FHA 203b loan. Interest rates are based off your credit score, loan amount and loan to value.

The reason for the rate increase is due largely because of the extra processing time of the mortgage.

Loan terms & amortization

The FHA permits the following repayment options:

Fixed Rate - 15/20/25/30/Year
                    
Adjustable Rate - 1Year, 3/1, 5/1, 7/1 (30 Year Amortization)

2/1 Buydown is also permitted