The FHA 203k loan allows home buyers (and homeowner's) to finance both the cost of the purchase (or refinance costs) and rehabilitation expenses into the mortgage.
▼
Top Pages
▼
Additional Information
▼
Does the 203k loan have a higher interest rate?
It is common for lenders to charge a slightly higher interest rate for a 203k loan. The reason is due to investor requirements (companies that buy the loan) and the additional work required to process the loan.
No comments:
Post a Comment