Are there there income reqirements for a FHA 203 k loan?

Yes, they follow FHA guidelines. You will need to prove income and qualify with a debt ratio that is acceptable to FHA standards

Yes, same as a regular FHA loan, we can go up to 50%, sometimes over 55% if you have compensating factors

Yes you will need to follow standard FHA guideli

There are income requirements for all mortgage loan products.. FHA 203K is no different than any other FHA loan.. FHA looks at your monthly debt payments along with the new housing payment, and offsets them against your gross monthly income to determine your debt to income ratio (DTI).. ideally, 45% or lower, but if you have strong compensating factors such as a high credit score, large cash reserves, etc, etc.. then FHA can go as high as 55%. I'm a Broker here in Scottsdale AZ and I only lend in Arizona. If you or someone you know is looking for financing options, feel free to contact me or pass along my information. William J. Acres, Lender411's number ONE lender in Arizona. 480-287-5714 WilliamAcres.com

Absolutely. Income requirements follow the standard FHA Insured Home Loan guidance with the caveat being you have to income qualify for the total of the end loan (base loan amount + improvements + UFMIP). Make sure to speak with a mortgage professional who has experience with the 203(k) loan product whether it be for a streamlined of a full. Good luck.