What is a 203(k) loan?
The 203(k) is an FHA loan program that permits funds for repairs, renovations, additions or other modifications to be financed all in the same loan used to buy (or refinance) a property.
There are two versions of the loan available: the Streamline 203(k) and the Full 203(k).
In addition to our glossary, we have a library of downloadable PDFs that cover 203(k) loans, FHA loans, and other mortgage fundamentals.
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