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The Differences Between Homestyle & 203(k) Renovation Loans

Discover the distinctions between Fannie Mae Homestyle and FHA 203(k) home renovation loans for your investment property or primary residence. ....

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How an FHA 203(k) loan can help you repair and buy a home


How an FHA 203(k) loan can help you repair and buy a home
Bankrate
2/9/2021
© WoodenDinosaur/Getty Images
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When you buy a home, there are usually a few repairs to pay for. Buyers who want to take on a real fixer-upper might be facing the prospect of many projects.
If this is the case for you, you may be considering an FHA 203(k) loan, also known as a mortgage rehab loan or Section 203(k) loan, which combines the financing for both the home s purchase and remodeling or repairs into a single loan.
What is an FHA 203(k) loan? ....

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