What Home Buyers Should Know About an FHA 203(k) Loan | Real Estate Articles Worth Reading | Scoop.it
Over my years as a real estate agent, several home buyers have asked me about buying and fixing a house with one loan. The best method for doing so is an FHA 203k loan. 203k FHA loans are also referred to as FHA construction loans. If you want to buy a home that you can fix up, a regular loan will not give you the funds to complete the work. An FHA 203k loan, however, is designed to help you buy a home that needs some repairs and provide you with the money to fix it up. It's a rehab