FHA 203(k) – Rehab Loan
The FHA 203(k) loan, alternatively referred to as a mortgage rehab loan, renovation loan, or Section 203(k) loan, presents a unique opportunity to finance both the purchase of a home and its renovations within a single mortgage. This innovative option empowers homebuyers eyeing a fixer-upper to combine the property’s cost and renovation expenses into one loan.
Moreover, existing homeowners have the flexibility to leverage an FHA 203(k) loan for refinancing purposes, enabling them to cover forthcoming renovation expenses through a single mortgage solution.
We’ve made applying easy. To start your loan application and get preapproved click here, to find a local loan officer click here.
