Home Rehabilitation Mortgage Insurance
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....
What is Home Rehabilitation Mortgage Insurance?
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.
Program Requirements
All persons who can make the monthly mortgage payments are eligible to apply. Cooperative units are not eligible.
Application Details
What is the application process for Home Rehabilitation Mortgage Insurance?
To obtain an FHA insured mortgage, contact an FHA-approved lender:
http://www.hud.gov/ll/code/llslcrit.cfm
Contact Info
1-800-225-5342