What’s a 203K Loan?
- realtor.sailorLv 72 months agoFavorite Answer
"A" is partially correct. It's a rehab FHA loan and you're limited as to how much you borrow for rehab. Work must be done by a contractor!
- ALv 72 months ago
It is a rehab loan, where you borrow x amount to purchase a house with extra money to fix it up. Usually happens when you buy a foreclosed or badly damaged house
- Anonymous2 months ago
Two hundred and three thousand dollars.