How much you can borrow, or your loan limit, with a 203(k) loan depends on a handful of factors. You can borrow up to 110% of the property’s proposed future value, or the home price plus repair costs, whichever is less.  The total purchase price plus renovation costs must also fall within FHA limits for the area where the property is located. Keep in mind too that a streamline loan can cover the purchase price of a home, as well as renovations and related expenses that cost up to $35,000.