Today's Topic...203K The Perfect Mortgage to Rebuild a Home
All a buyer needs is vision; almost every home purchase can be financed with the versatile FHA 203(k) Renovation Loan. Even if a property needs to be torn down or demolished, as long as even a part of the foundation remains a new home can be built using funds from a 203(k). In addition to repair and renovation costs, the actual price of demolition can be factored into the loan.
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