The FHA 203k renovation loan allows an existing homeowner to finance up to $35,000 in improvements into their new FHA 203k loan which avoids the need to carry a higher interest rate 2nd mortgage, having two payments, and be subject to future rate increases of a Home Equity Line of Credit.
FHA to the rescue! Call me for more details and to answer your questions!
Marty Qualls, your FHA 203k Expert!
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