The FHA 203k Home Improvement Loan – Part 4

The FHA 203K program is a wonderful tool to help homeowners and potential buyers with home repair and remodeling projects. Over the course of the last few posts we have shown you some of the basic guidelines for these types of loans. We will conclude this series with questions frequently asked about this topic....

The FHA 203k Home Improvement Loan – Part 3

Now that you have a better understanding of the FHA 203K loan let’s look at the types of properties that are eligible for this loan.
The home or dwelling must be at least one year old and be a one- to four- unit family dwelling. Cooperative units are not eligible. If a home is to be torn down during the remodeling then at least some part of...