Tag: 203k rehab

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Using the FHA 203k Loan Program to Build Equity

By Leesa Sandoval

September 12, 2011

Using the FHA 203k loan to rehab your home and build equity. Instead of a traditional home equity loan the FHA 203k loan allows you to refinance the current mortgage and add money for repairs. It ends up being a new single lien at a great FHA rate without the hassel of the home equity loan process.