Tuesday, March 23, 2010

Fixer-Upper Financing

203k Program Provides Buyers with Renovation Funds
"The word ‘as-is' can indeed be one scary phrase.  Especially when buying a home in today's market where foreclosures and short sales that need fix-up work are plentiful.  But a little-known Federal Housing Administration (FHA) loan program that's been around since 1978 can help take the sting out of ‘as-is.'  Only 219 borrowers took advantage of the FHA's 203k program in 2009.  Continued arrow"

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