Your Guide To FHA 203k Benefits
Explore the benefits of an FHA 203k Rehab Loan
If you’re in the market for a fixer-upper, the best way to fund the purchase and renovation of your new home is an FHA 203k loan, also known as an FHA Construction Loan. It’s a popular choice with plenty of benefits, such as:
• FHA 203k loans are perfect for homes that need repair. You don’t have to spend so much upfront for repairs since financing already includes the funds for construction.
• Savings. A rehab loan helps you keep your savings while providing the funds to finance the rehabilitation.
• Low interest. FHA loans are popular because they have low-interest rates --frequently lower than what non-government-backed loans can offer.
• Enjoy great deals. Rehab loans allow buyers to purchase homes at a lower price.
• Customization. With an FHA 203k loan, you can upgrade your home the way you want it.
ZippyHomeLoans is the social media handle for Shalinee Bhardwaj-Sr Mortgage Loan Officer (NMLS#2037610). Broker-Ensure Home Loans LLC NMLS#1666674. This is not a commitment to lend. All loans are subject to credit approval and underwriting guidelines. Rates and terms are subject to change without notice. Programs may vary based on borrower qualifications.
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