FHA 203K Rehab Loan

FHA 203K LOAN REQUIREMENTS

The FHA 203k loan program is becoming the the primary Federal Housing Administration (FHA), (a part of the Department of Housing and Urban Development) program for the rehab and repair of single family properties.

If you want to buy a home that needs repairs,   the Section 203(k) loan program by the U.S. Department of Housing and Urban Development (HUD) may be a good option for you. This program allows you to finance the purchase of a house, and  include the cost of its repairs through a single mortgage.

This loan has a low down payment requirement compared to private-sector mortgages and puts rehab projects within reach for individuals who otherwise could not afford them.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 


 

 

 

 

 

 

 

 

 

 
 
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