westvirginia.yourkwoffice.com This program can be used to accomplish rehabilitation and/or improvement of an existing one-to-four unit dwelling in one of three ways: · To purchase a dwelling and the land on which the dwelling is located and rehabilitate it. · To purchase a dwelling on another site, move it onto a new foundation on the mortgaged property and rehabilitate it. · To refinance existing indebtedness and rehabilitate a dwelling
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westvirginia.yourkwoffice.com Learn what you need to know to qualify for a FHA 203k loan. The FHA 203k loan program is the Department’s primary program for the rehabilitation and repair of single family properties. Basically a home improvement loan. As such, it is an important tool for community and neighborhood revitalization and for expanding homeownership opportunities. Since these are the primary goals of HUD, the Department believes that FHA 203k loan is an important program and they intend to continue to strongly support the program and the lenders that participate in it.
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