why use 203k program: Benefits of the 203K Program in Philadelphia & Reading, PA - 02/02/11 10:55 AM
 

BENEFITS OF THE 203K PROGRAM

 
 
      As a FHA 203K Consultant around Philadelphia and Reading, PA, I am asked a lot - What IS the203K program and what are the benefits?  The 203K program, sponsored through HUD, is a purchase-renovation program in which an all-inclusive loan serves to both acquire a real estate property and restore or upgrade the property to  current marketable conditions.  In other words, you can buy the  fixer upper and cover the renovation costs all in one low- interest mortgage AND this isn't just for low income borrowers!  It's open to everyone- from … (2 comments)