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FHA 203K Home Loans in Grand Prairie Texas l Grand Prairie TX FHA Loan
Special Government Home Renovation Loan Program using FHA 203K Home Loans in Grand Prairie Texas. 
 
 Many are not aware of a special government loan program that is actually a part of FHA (Federal Housing Administration- a department within HUD). A buyer or existing home owner can do meaningful amounts of remodeling or updates to their existing home without having a higher cost second lien thanks to this special FHA loan program. 
 
 
 
Items such as a hot tub and a swimming pool are not allowed by this FHA loan program. Although, you can repaint, replace flooring and appliances, add a room to an existing structure (which can add to value tremendously as you increase the square feet of your home) as well as remodel cabinetry in kitchens and bathrooms. 
 
 
 
 This loan program has many advantages but one of the biggest is that you have all of your acquisition or refinance loan with your improvement loan in one low interest rate, which is a government guarantee loan instead of two separate loans (which are always higher interest rates). 
 
 
 
 A 203K Loan is the name of this FHA loan program as defined by the ... more

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