FHA 203K Loans — The Basics & Guidelines

On March 20, 2011, in Home Buying Process, Mortgage Programs, Tips And Advice, by Jonathan Blackwell(203K Expert)

I’ve written a lot about FHA 203K loans. I’ve dug into the details of contractor selection, the draw process, choosing a property, using renovation financing to go green and the differences between all the home improvement loan options currently on the market. The intricacies of the loan are important no doubt, but you have to understand the fundamentals as well. Time to revisit FHA 203K 101. What is a 203K Loan? How do I qualify? Streamline or Full 203K, which loan do I need?