FHA 203(k) - Rehabilitation Loan
The Federal Housing Administration offers a rehabilitation loan for the repair of single family properties. This is known as an FHA 203k loan. It is essentially a home improvement loan. It is a very important tool for the community and neighborhood revitalization and also to expand homeownership opportunities. These are some of the reasons behind the FHA mission and it is why they intend to continue to strongly support the program and the lenders that participate in it.