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Clearing up a bit of confusion about the FHA “rehab” 203K mortgage

June 18th, 2010 · 1 Comment · fha mortgages and first time home buyers, tips for home buyers

The “rehab” mortgage offered by FHA is a wonderful product, but also wrought with confusion for many potential home buyers. One of the areas that confuse buyers is that there are actually 2 different appraisal amounts that the home must meet in order for the mortgage to be approved.
Below is a basic example of how [...]

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