Learn about this unique FHA-insured loan program that enables you to purchase or refinance while allowing for the inclusion of renovation costs. Click here to Get Started.
The FHA 203K program provides for a single-close loan that enables a qualified borrower to purchase a home that may need repairs for the purpose of remodeling.
The streamlined FHA 203K program allows the borrower to finance a maximum of $35,000 to make improvements.
The refinance version of the FHA 203K mortgage allows for the pay off all existing loans against the home, then provides additional funds to be used for home repairs.
This is a great blog post from Vito Simone, a FHA 203k consultant who services the Maryland area. His contact information is below and his blog