Concerned that you will not be able to get a loan large enough to purchase your dream fixer-upper and make the repairs and renovations that you need? There’s good news and bad news. The good news is that there really isn’t a set-in-stone maximum loan amount for the 203(k) loan. In fact, that is true for all FHA loans. Rather than a maximum that applies across the board, the FHA sets maximums based on real estate prices in specific geographic areas.