FHA Rehab Loans Ideal For Distressed Homes

Looking at a foreclosure but to much work and to much money out of your pocket…check out the FHA rehab loan.  Buying a foreclosure home usually requires repairs or remodeling and of course the regular maintenance.  The 203K loan can help with all those problems.  This loan combines the purchase price and fix-up costs into one mortgage, and, secondly, because there have been increasing discussions about the virtues of buying a new home instead of a cheaper foreclosed homes.