rehab loans: What is a 203k Loan? 203k Loans Made Simple
- 07/13/09 11:25 PM
What is a 203k Loan? 203k MADE SIMPLE In Southern California, FHA loans were just not utilized much in the past because of the FHA Maximum Mortgage limits But now that the limits have been increased and the prices have decreased, FHA loans have become the most utilized loan especially for first time homebuyers. So what is a 203k loan and why use one? When a buyer wants to buy a home that needs repairs utilizing FHA financing, normally the repairs would have to be completed prior to the close of escrow. The repairs would normally fall on the responsibility of … (101 comments)
What is a 203k Loan? 203k MADE SIMPLE
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