203(k)
- An FHA mortgage insurance program that allows homebuyers to combine both the cost of buying a house and the expense of its repairs into one loan
- With the help of a 203(k) loan, they were able to buy and renovate their dream home.
- The couple utilized a 203(k) loan to finance both the purchase and restoration of the old property.
- A 203(k) loan can streamline the finance process when buying a fixer-upper.
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