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If you are buying a home in Austin that needs minor or major upgrades, an FHA 203k Loan is one of many Texas rehab loan programs that includes funding for home renovation costs in the original loan amount, at the time of purchase.
Austin, TX FHA 203k home loans are helpful when lenders are hesitant to fund repairs or renovations. With an FHA 203k home loan, home owners can finance a remodel or home repair project while wrapping the renovation costs into the mortgage with one loan and one closing.
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Austin bought the house with an FHA-backed 203K renovation loan, which provides some funds to bring. In a way, Ortiz and Moreno feel the house chose them. "We saw the park, we saw the palm trees,