203K Rehab Loan is popular in the Tucson Real Estate Market. A 203k loan is ideal when the home being purchased requires some work. Read more on 203k loans.
Kim Boldt's insight:
The 203K loan or Rehab mortgage is an FHA loan. A 203k Loan will usually be a cost-effective loan that allows a buyer to finance home repairs and improvements with only a 3.5% down payment.
If you are an Arizona home buyer looking for a “fixer upper”, it just might be what you need. A 203k loan creates just one mortgage that includes the home purchase and renovation. The 203k fha loan can also be used when refinancing an existing Tucson home.
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