Real estate blog entries tagged with fico by Melissa Kiser, a next generation Realtor (Star Real Estate)

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Home : Blogs : Melissa Kiser, a next generation Realtor : Melissa's Blog : Tag "fico"

fico: What is a 203k Rehab loan? - 04/24/08 01:45 PM

I really love this house, but it needs work...

The FHA 203(k) loan allows the buyer to finance the cost of improving an existing 1-4 unit property into 1 loan at a long term fixed or adjustable rate. The mortgage amount is based on the projected value of the property with the work completed (taking into account the cost of the work). All this jargon basically means you can buy the property and fix it up with 1 loan.
The FHA 203k program is used to make improvements to an existing property. They can be used to make simple up-grades … (3 comments)

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Melissa Kiser, a next generation Realtor

Huntington Beach, CA

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