Buying a fixer upper home: FHA-203(K)

Homebuyers and the FHA – 203 (K) Loans…What this means for you?

IfPhoto11 you are in the market to buy a home but it needs lot of repairs, then the FHA-203 (K) is the perfect loan for you.

These especial loans allow you to buy and repair a property that needs rehabilitation, such as roof, room addition, or any structural repair.

Lenders currently instituted additional offerings of loan programs like the FHA 203(k) home improvement program to include renovation expenses in their loan amount. One-time-close loans streamline the purchase and financing of new constructi

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