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 What is a 203(k) Rehabilitation Loan?

Home > Overview > What is a 203(k) Rehabilitation Loan?

What is a 203(k) Rehabilitation Loan?

Through the Federal Housing Administration (FHA) 203(k) Rehabilitation program, borrowers can purchase or refinance a home and include repair costs with a single mortgage.

A 203(k) loan has a lower down payment requirement compared to other rehabilitation options for financing, which puts rehab projects within reach for individuals who otherwise could not afford them.

Borrower eligibility and credit qualifications for this product are the same as any other FHA loan, with the same FHA maximum mortgage limits applying.

30-year fixed rate mortgages offered!
What is a 203k rehabilitation loan?

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