What improvements does the Streamlined 203K cover?

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From what I've read online, it covers 'minor kitchen and bath remodels' but not 'major remodeling'. That's pretty broad. Does anyone have any experience or knowledge with more specific details?

Example: let's say I want to gut a kitchen and put in a new cabinets, new appliances, and new flooring (but with the same layout)? Is that OK? And let's say I want to gut the bathroom and put in new tiles, a new tub, a new sink, a new medicine cabinet etc.... Is that OK?