Definition page

FHA 203k Rehab Loan

April 26, 2023

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An FHA 203(k) loan is a type of government-insured mortgage that allows the borrower to take out one loan for two purposes: home purchase and home renovation. These loans are intended to support homeownership among lower-income households, allowing them to improve and update older properties as their primary residence, to bring them up to FHA standards.

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