Qualifying A Home For The 203k FHA Loan.
October 5th, 2008 | by admin |If you want to buy a building in order to rehabilitate it and then live in it, there is the 203k Fha loan that would work very well for you. This type of loan is one that is given to one to four unit buildings, condominiums, townhouses, and dwellings that have been in the same specific spot for at least one year and that need some rehabilitation done to them. These buildings must be dwellings that do not pass inspection and need fixed for living causes and not for reasons just to beautify them or give them a more modern look.