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Advantages and Disadvantages of FHA-203k-Rehab-Loan

A 203K Rehab Loan program is best suited for individuals who are looking to rehabilitate/renovate their home, yet, suffer from certain limitations and constraints. To learn more, check out the pros and cons of a 203K Rehab Loan right here!

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Advantages and Disadvantages of FHA-203k-Rehab-Loan

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  1. Pros And Cons of A 203K Rehab Loan Program Drew Mortgage Associates, Inc. Trusted Boston Mortgage Lender www.drewmortgage.com NMLS ID 2856

  2. D R E W M O R T G A G E A203K Rehab Loan program is best suited for individuals who are looking to rehabilitate/renovate their home, yet, suffer from certain limitations and constraints. To learn more, check out the pros and cons of a 203K Rehab Loan right here! NMLS ID 2856

  3. Pros of an FHA 203K Rehab Loan: D R E W M O R T G A G E • Qualification is easy • No current equity • Covers a wide range of rehabilitation projects • Lower interest rates • Saves time and money • Government insured A 203K Rehab Loan program is best suited for individuals who are looking to rehabilitate/renovate their home, yet, suffer from certain limitations and constraints. To learn more, check out the pros and cons of a 203K Rehab Loan right here! NMLS ID 2856

  4. Cons of an FHA 203K Rehab Loan: D R E W M O R T G A G E • Your home needs to be at least one-year-old to be eligible for remodeling. • Down payment is required • Extra paperwork is required • Additional fees are unavoidable • The process of loan is a bit longer A 203K Rehab Loan program is best suited for individuals who are looking to rehabilitate/renovate their home, yet, suffer from certain limitations and constraints. To learn more, check out the pros and cons of a 203K Rehab Loan right here! NMLS ID 2856

  5. D R E W M O R T G A G E If you’re looking for a mortgage lender in MA, Drew Mortgage Associates might be the perfect fit to guide and assist you through the application process for the FHA 203 Rehab Mortgage Program. NMLS ID 2856

  6. Drew Mortgage Associates, Inc. Trusted Boston Mortgage Lender www.drewmortgage.com NMLS ID 2856

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