mortgage & home loan refinance | vase at home

203(k)

BILLS.COM GLOSSARY

The 203(k) loan program is an FHA mortgage insurance program that enables home buyers to finance both the purchase of a house and the cost of its rehabilitation through a single mortgage loan. The 203(k) program can also be used to purchase a home on another site and move it onto a new foundation on the mortgaged property.

0
/5.0
(0 Votes)

0 Comments

1500 characters remaining
loading...