Anonymous asked in Business & FinanceRenting & Real Estate · 2 months ago

What’s a 203K Loan?

3 Answers

  • 2 months ago
    Favorite 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!

  • A
    Lv 7
    2 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

  • Anonymous
    2 months ago

    Two hundred and three thousand dollars.

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