Using a FHA 203k mortgage is a great way to accumulate equity and get the home. An FHA 203k loan is basically the same as a regular FHA [called a 203(b )],
203b vs. 203k Loans – 203b.loan – FHA 203k Loans Provide Funding for Significant Repairs . In many respects, the 203(k) loan is very similar to the 203(b) loan.However, it does differ in quite a few ways. The most obvious of those is that it is designed for both the purchase of a property.
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