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FHA 203k LoanThe 203(k) program is a mortgage insurance program that enables homebuyers to finance the rehabilitation and repair of single or multi-family properties. You can get just one mortgage loan, at a long-term fixed or adjustable rate, to finance both the acquisition and the rehabilitation of the property. The mortgage amount is based on the projected value of the property with the work completed, taking into account the cost of the work. |
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