FHA 203(k) Loans: Great for Buyers

August 10, 2009 by Debbie · Leave a Comment 

The FHA 203k Loan allows for the buyer to finance the cost of repairs needed on a property into their mortgage.  The repairs are done after closing so this is an advantage to the seller or bank that owns the property because they aren’t responsible for the repairs.  This is a great negotiating tool for the buyer who [...]