An FHA 203(k) loan is a government-backed, permanent mortgage used to purchase and renovate a primary residence. FHA 203(k) loans are exclusive to owner-occupied purchases and renovations and are not suitable for real estate investors looking for renovation financing. Investors who are interested in rehab projects should instead read our guides on rehab loans and…

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Source: http://fitsmallbusiness.com/fha-203k-loan-ultimate-guide/

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