What is an FHA 203k Loan?
A lot of people are interested in buying a less than stellar home, but then don’t have the money to fix it up. Buying an ugly property and getting money to fix up /repair as part of your first mortgage is the point of the FHA 203k Loan. This is a great federal government backed loan to help you buy fixers, foreclosures and short sales that need work. Your down payment is just 3.5% . This is a great program and has been around for many years. Check out the two part informational video on the FHA 203k loan program!”
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