FHA 203k Purchase
Home Loan Requirements
The Federal Housing Administration
(FHA), part of the Department of Housing and Urban
Development (HUD), administers several single
loan programs. These mortgage programs
operate through FHA-approved lending institutions
who submit forms scheduling the appraisals of the
property and also have the borrowers
approved. These banks fund
the mortgage loans which the Department insures,
the U.S. Department of housing does not make direct loans to
help people buy homes).
If you are one of the many U.S. residents
who have overlooked buying a home that needs cosmetic
repairs for lack of funds to fix them up, the
FHA has a loan program for you.
FHA 203k loan program is the Department's
primary program for the purchase and rehabilitation
and repair of single family properties. Basically
this is a home improvement loan added to the purchase
price of your home. Therefore, this is fast
becoming the most popular
FHA Loan Program for expanding homeownership
opportunities. Since these are the primary goals
of HUD, the Department believes that FHA 203k
loan is an important program and they intend to
continue to strongly support the program and the
banks that participate in it.
FHA Loan Information
The FHA does not lend money.
The FHA (Federal Housing Administration)
is part of HUD & backs individual
We are not affiliated with the Federal Housing
Administration, the Department of Housing and
Urban Development, or any other government agency.
We are an FHA Educational Resource.
Our responsibility is to help you find the
best FHA Approved Lender who can help
you secure home financing.
When you fill in our short
application we will provide your information
to one, (and only one!) FHA
Approved Lender who can help you based upon
many factors, including your Credit Score,
your State Location, and the Type
of Loan you apply for