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 "