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FHA Updates 203(k) Program for Home Repair Financing

FHA Updates 203(k) Program for Home Repair Financing

by Phil Hall | Jul 10, 2024 | Mortgage Information, News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

The Federal Housing Administration (FHA) has updated its 203(k) Rehabilitation Mortgage Insurance Program that provides financing for renovating or rehabilitating single-family homes. FHA offers two variations of the 203(k) program: the Standard 203(k) for substantial...
FHA Updates 203(k) Program for Home Repair Financing

FHA Proposes Changes to 203(k) Program

by Phil Hall | Nov 30, 2023 | Industry Updates, Mortgage Information, News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

The Federal Housing Administration (FHA) is seeking industry feedback on its proposed changes to its 203(k) Rehabilitation Mortgage Insurance Program. The 203(k) program is designed to help borrowers purchase a home or refinance an existing mortgage and include the...

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