To get the best rate on a HomeStyle mortgage. but HomeStyle does.Borrowers can opt for a streamline FHA 203(k) home rehabilitation loan if they need less than $35,000 and don’t have to do any.
According to the FHA official site at www.fha.gov, "Section 203(k) offers a solution that helps both borrowers and lenders, insuring a single, long term, fixed or adjustable rate loan that covers both the acquisition and rehabilitation of a property. Section 203(k) insured loans save borrowers time and money.
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