An FHA 203k loan is backed by the government similar to a normal 203k loan and only requires as little as 3.5% down. The FHA 203K loan is a great loan if you want to buy an older home that doesn’t quite meet your housing needs. For example, let’s say you find a house that needs a new kitchen and bathroom but the rest of the house meets your housing needs. An FHA 203k loan would allow you to purchase the home and provide money to do the necessary renovations to the kitchen and bathroom. This is a good solution if you have a vision for what your next house could be and you are not currently finding it on the market. We have an experienced team that can help you with the process of obtaining an FHA 203k loan.
