FHA 203(k) Loan

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Dictionary Says

Definition of 'FHA 203(k) Loan'

A type of federally insured mortgage product for individuals who want to rehabilitate or repair a damaged home that will become their primary residence. In addition to the funds to cover the purchase price of the house, the FHA 203(k) loan provides the money needed for repairs and related expenses as part of the loan.
Investopedia Says

Investopedia explains 'FHA 203(k) Loan'

This loan has a low down payment requirement compared to private-sector mortgages and puts rehab projects within reach for individuals who otherwise could not afford them. Supporters of this type of loan say it helps improve communities and broadens home ownership opportunities for individuals; critics say that it's a risky loan product that isn't offered without government underwriting for a good reason.
Search results for

'FHA 203(k) Loan'

  • An Introduction To The FHA 203(k) Loan

    http://www.investopedia.com/articles/mortgages-real-estate/10/introduction-fha-203-k-loan.asp
    An Introduction To The FHA 203(k) Loan. August 19 2010 | Filed Under »
    Mortgages, Personal Finance, Real Estate. Are you interested ...

  • Applying For An FHA 203(k) Loan

    http://www.investopedia.com/articles/mortgages-real-estate/10/applying-fha-403k-loan.asp
    Applying For An FHA 203(k) Loan. August 27 2010 | Filed Under » Loans, Mortgages,
    Personal Finance, Real Estate. The FHA 203(k) loan ...

  • The FHA's Minimum Property Standards

    http://www.investopedia.com/articles/mortgages-real-estate/11/FHA-minimum-property-standards.asp
    ... guarantee. Another option is to apply for a FHA 203(k) loan, which allows
    the purchase of a fixer-upper with significant problems. ...

  • Buying Foreclosures At A Bargain Price - Investopedia.com

    http://financialedge.investopedia.com/financial-edge/0811/Buying-Foreclosures-At-A-Bargain-Price.aspx
    ... One option that many foreclosure buyers have taken advantage of is an FHA 203(k)
    loan that allows you to wrap renovation costs into the mortgage. ...

  • Green Mortgages Save Money And The Environment

    http://www.investopedia.com/articles/mortgages-real-estate/09/green-mortgages.asp
    ... Federal Housing Administration, see Understanding FHA Home Loans.) Finally, FHA
    203(k) loans, while ... bonus, you may be able to combine a 203(k) loan with state ...

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Bank Rates
Product Today Last Wk
$10K MMA 0.50% 0.51%
MMA 0.45% 0.46%
6 Month CD 0.46% 0.47%
1 Year CD 0.70% 0.75%
5 Year CD 1.46% 1.46%
1 Year Jumbo CD 0.66% 0.67%
Rate data provided by Bankrate
Product Today Last Wk
$30K HELOC 4.59% 4.60%
$30K Home Equity Loan 5.74% 5.77%
$50K Home Equity Loan 5.45% 5.50%
$50K HELOC 4.24% 4.24%
$100K Home Equity Loan 5.41% 5.46%
$100K HELOC 4.13% 4.13%
Rate data provided by Bankrate
Product Today Last Wk
30 Year Fixed 3.80% 3.80%
15 Year Fixed 3.09% 3.11%
1 Year ARM 3.54% 3.53%
30 Year Fixed Jumbo 4.38% 4.38%
5/1 ARM 2.65% 2.69%
3/1 ARM 2.69% 2.69%
Rate data provided by Bankrate
Product Today Last Wk
60 Month Used Car Loan 4.51% 4.51%
48 Month Used Car Loan 4.35% 4.35%
48 Month New Car Loan 3.24% 3.24%
36 Month Used Car Loan 4.34% 4.36%
36 Month New Car Loan 3.11% 3.13%
60 Month New Car Loan 3.35% 3.34%
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