The FHA 203k Rehabilitation Loan is a remarkable loan program combining the purchase price and the cost of the desired repairs into one mortgage with a minimal down payment requirement. Explore this site to learn more about this program, dispel some of the myths you may have heard, and see how the FHA 203k loan can benefit you in your purchase or refinance of a “fixer-upper.”
Just some of the highlights of this excellent renovation loan program are:
- Low Down Payment
- Purchase or Refinance
- Finance Your Mortgage Payments During Construction
- Use to Rehab any 1 to 4-Unit Property
- Loan-to-Value’s Up to 110%
- Seller Credits Allowed
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