November 2011
1 post
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FHA Rehab Loans are for almost every home
Because FHA home loans are for the larger majority of properties so are FHA rehab loans like the FHA 203k or the FHA 203k streamlined. This is also called a home renovation loan. Here are some bullet points about them:
Maximum loan amount based on the HUD MSA numbers
Require FHA mortgage insurance but
Only require a maximum of 3.5%
Still have low interest rates
Allow for purchasing of a...