US Department of Agriculture-backed home mortgage loan for the purpose of acquiring and rehabilitating a damaged house. The home must be the recipient's primary place of residence. Features of the loan include a low-down payment and an amount that includes the purchase price and reasonable cost of repairs.
Related information about FHA 203(k) loan:
- Rehab a Home W/Hud's 203k Rehab Program
Rehab a Home w/HUD's 203(k). The Federal Housing Administration (FHA), which is part of the Department of Housing and Urban Development (HUD), ...
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Streamline 203(k) Mortgage. The "Streamline"(K) Limited Repair Program permits homebuyers to finance an additional $35,000 into their mortgage to improve ...
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Jun 18, 2010 ... If you're looking at a fixer-upper, the Federal Housing Administration rehab loan may be the mortgage for you.
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- FHA 203(k) Loan Definition | Investopedia
A type of federally insured mortgage product for individuals who want to rehabilitate or repair a damaged home that will become their primary residence.
- Applying For An FHA 203(k) Loan
Aug 27, 2010 ... If you have the time and energy, the 203(k) loan is often the only way to finance a property needing significant repairs.
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- FHA 203k loan rehab guidelines and requirements
FHA 203k loan; HUD rehab loans for home improvement, repairs and fix up. The FHA 203k loan is the perfect loan for fixing up your dream home.