what is 203k on a listing?

Posted on: Fri, 10/07/2011 - 00:11

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what is 203k on a listing?

Keep seeing this on house foreclosure descriptions.

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by jamesclayton
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Posted on: Fri, 10/07/2011 - 05:45 #1

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203K

A 203K is a specific loan through fha. It is a loan where you can get money for buying and rehabbing a property. Here is a link to some more information on a 203K loan.

http://portal.hud.gov/hudportal/HUD?src=/program_offices/housing/sfh/203...

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