The 203K reno loan allows homebuyers to purchase a home that needs repairs or renovations, and includes the cost of those improvements in the mortgage. This means buyers can finance the cost of repairs and upgrades into their mortgage rather than paying for them out of pocket.
The event will cover the eligibility requirements for the loan, the types of repairs and improvements it can cover, and the application process. Real estate agents will leave with a better understanding of how the FHA 203k loan can help their clients find and finance the home of their dreams.
Sponsored by Total Mortgage.
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