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Argyle TX FHA 203k Loans l FHA 203k Rehab Loans in Argyle Texas
Special Government Home Renovation Loan Program using Argyle TX FHA 203k Loans.
 
 Many are not aware of a special government loan program that is actually a part of FHA (Federal Housing Administration- a department within HUD). This FHA loan program allows the buyer or existing owner of a home to do significant amounts of remodeling or updating to their home without a higher cost second lien. 
 
 
 
 "Luxury items" like a hot tub and a swimming pool are not allowed by this FHA loan program. But you can repaint, replace flooring, remodel cabinetry in kitchens and bathrooms, add wallpaper, replace appliances – even add a room to an existing structure (which can significantly add to value as you increase the square footage of your home). 
 
 
 
 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). 
 
 
 
 The Federal Housing Administration callas this FHA Loan program a 203K loan. Visit the FHA website for more information: ... more

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