The 203(K) Rehab loan is the FHA’s primary program for the rehabilitation and repair of single family properties. As such, it is an important tool for community and neighborhood revitalization and for expanding homeownership opportunities.Does Usda Do Construction Loans Personalized Home Loans from the Bank of Washington – USDA Rural Development: A USDA loan offers 100% financing for qualified buyers looking to purchase a home in a rural defined population service area. This program is sponsored by the USDA and does have a few requirements such as income level.