Month: August 2011

• 203K Full
• Home Improvement
• Videos

What is a 203k loan?

By Leesa Sandoval

August 24, 2011

Many people ask, what is a 203k loan? The 203k loan allows the borrower to borrow extra money to renovate or repair the residence at the low FHA required down payment of 3.5%. Also, the loan amount can go up to 110% of the home’s value after repairs/renovations.