What is a 203k loan? These are photos of rehab and renovation projects, comparing the projects before construction and after completion. These have all been improved with the 203k loan program.
Many people ask, what is a 203k loan? The 203k loan allows the borrower to borrow extra money to renovate or repair the residence at the low FHA required down payment of 3.5%. Also, the loan amount can go up to 110% of the home’s value after repairs/renovations.
What this video to see how using this loan has transformed these homes. After watching the video please give me a call to discuss how you can benefit from the FHA 203k rehab loan.