Benefits of a FHA 203K Rehab Loan Are:
1. You only take out just one mortgage to cover both the purchase of the property and the cost of upgrades.
2. There is no minimum cost for repairs. You could use it only on one repair or twenty repairs.
3. Low down payment of 3.5% to qualified buyers.
4. All repairs are completed before you move in.
If you are considering buying a home that needs repairs or you want to make improvements to, the FHA 203K Rehab Loan could be just what you are looking for.