Becoming aware of the loan called FHA 203K and Rebuild USA is a great opportunity for buyers to purchase distressed property and renovate them in a single loan with a single closing. Since 80% of the homes in America are twenty years old or older, this type of loan can be quite beneficial. FHA 203K features several aspects:
- Providing funds for purchasing,
refinancing or renovating the property.
- Easier to qualify.
- Requires 3.5% down payment.
- Loan is backed by the Federal Government.
- Owner occupant only.
- And many more advantages.
This becomes a win-win opportunity for homeowners to purchase a distressed property or foreclosure and make these renovations after closing. For further information visit www.rebuildusa.com
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