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HUD Loans

Advantages of a HUD 203(k) Rehab Loan for First-time Home Buyers

Advantages of a HUD 203(k) Rehab Loan for First-time Home Buyers

By on May 16, 2017 in Home Inspections, HUD Loans

In this month’s Advanced Home Inspection blog, we discuss the many advantages of a HUD 203(k) rehab loan. With high home prices and low inventories throughout the state, many first-time home buyers in New Hampshire are entering the housing market with the help of a HUD 203(k) rehab loan. What is a HUD 203(k) Rehab Loan? The HUD 203(k) rehab loan is a specialized...

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What Is a HUD 203(k) Loan?

By on December 3, 2013 in HUD Loans

HUD’s Section 203(k) loan program is one of many FHA programs that make mortgage credit available to borrowers who are buying or refinancing houses in need of repair or modernization. Unlike conventional rehab programs, the 203(k) has the same relaxed credit- and income-qualifying and low-down payment guidelines as other FHA loan programs. The program is ideal for...

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