Home Rehabilitation Mortgage Insurance
Program Description
Section 203(k) insurance enables homebuyers and homeowners to finance both the purchase (or refinancing) of a house and the cost of its rehabilitation through a single mortgage or to finance the rehabilitation of their existing home.General Program Requirements
All persons who can make the monthly mortgage payments are eligible to apply. Cooperative units are not eligible.Loan Terms
Please contact a Federal Housing Administration (FHA) approved lender for loan term information. To find an approved lender, please visit:http://www.hud.gov/ll/code/llslcrit.cfm