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Real Estate News: Using the 203k to Purchase Your Dream Home

Posted by Breckenridge Associates Real Estate on Sunday, December 20th, 2009 at 1:50pm.

Are you familiar with what the FHA Section 203k offers? It is a program specifically designed to rehabilitate and repair single-family homes. The 203k is a single mortgage loan providing funds to purchase a home and make repairs and improvements. If you are considering a new home purchase and have found a home with potential that needs some work to suit your needs, you should find out if the home could qualify for the 203k loan or at least learn more about this new program. If the buyer and the home meet the requirements, the remodel loan can be built directly into your mortgage.

For more information on the 203k loan program click here or click here .

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