Posts Tagged ‘FHA’

Rehab 203(k) Mortgage Insurance

If eligible, buyers can receive extra funds to repair/rehab a home they are interested in. Check out the hud website for more details.

“FHA’s Streamlined 203(k) program permits homebuyers to finance up to an additional $35,000 into their mortgage to improve or upgrade their home before move-in. With this new product, homebuyers can quickly and easily tap into cash to pay for property repairs or improvements, such as those identified by a home inspector or FHA appraiser.”

http://www.hud.gov/offices/hsg/sfh/203k/203kmenu.cfm