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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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The FHA 203k loan program is the primary government program for the rehabilitation and repair of single family properties. Basically, it’s nothing more than a glorified home improvement loan. The 203K mortgage is a terrific tool for community and neighborhood revitalization.
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203(k) Mortgage. The Section 203(k) program is FHA’s primary program for the rehabilitation and repair of single family properties. As such, it is an important tool for community and neighborhood revitalization, as well as to expand homeownership opportunities.