hfa 203 loan: FHA 203K Loan
- 07/14/10 04:51 AM
The FHA 203k loan is designed to help build neighborhood revitalization by helping individuals finance the repair and upgrade of their home. To qualify, the structure must be a single-family house, more than a year old with one to four bedrooms. Contact a FHA-approved lender for additional information and qualifications. First, an energy audit must be completed by a qualified professional, who has been approved by the lender. Based on the audit report, the homebuyer can choose which improvements to make. However, installation of smoke detectors and upgrading the heating and cooling system to a more efficicent level may also be … (2 comments)
The FHA 203k loan is designed to help build neighborhood revitalization by helping individuals finance the repair and upgrade of their home. To qualify, the structure must be a single-family house, more than a year old with one to four bedrooms. Contact a FHA-approved lender for additional information and qualifications.
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