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Founded: 05/15/2011

KNOWLEDGE. What is a "203k Loan?" The 203k is a single loan that includes a "budget" to repair, improve and even substantially renovate a 1-4 unit, owner occupied, residential property. The rehab budget can be as little as $5,000 and has a maximum of $417,000! (Higher loan amounts are available on 2-4 unit properties.) The 203k has both purchase and refinance options.