Have you heard about the FHA 203K Rehab Loan? It’s a special loan that lets you borrow money to remodel. Turn that fixer upper or that foreclosure home into your dream home.
There are two types of 203K loans, regular and streamlined. To use the loan you must be planning to live in the home. You can use the loan on tear-downs, condos, and multi family properties too like triplexes and fourplexes.
Not all lenders work with 203K loans, but Wes Moore at Loan Simple does them frequently. Watch this short video where he tells you more about it.
Click here to learn more about this awesome loan program.