Amerifirst blog

Explore our blog for insights on buying, financing, remodeling, and taking care of your home.

What Does 203k Mean in Real Estate?

  • Thu, Dec 27, 2018
  • 6 min read

If you've heard the term 203(k), FHA 203k, 203k loan or 203k renovation mortgage, then you're one step ahead of most Americans. This special product offering from HUD for fixing up housing stock has been around since the late 1970s, yet many real estate agents know nothing about it, and the public is in the dark.    Even if you've heard of the 203k, you may not know much - if anything - about it. That's all okay. We're here to let you know what it means and how it can help home buyers (and even sellers!).

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4 Reasons to Use the 203k to Refinance Your Home

  • Wed, Dec 26, 2018
  • 4 min read

Refinancing your home can help several situations. I remember growing up and my parents refinanced our house to pay off their cars and do a little work around the house. Of course that was before homes values plummeted and equity became a thing of the past. Now homeowners are much more restricted on home equity lines of credit. In fact, if you want to finance home improvements you're probably going to need to research a different option. It's called the 203k and it's from FHA.

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203(k) Loan Pros and Cons

  • Wed, Dec 26, 2018
  • 3 min read

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