203k Certified Contractor
| The Federal Housing Administration (FHA) supports a variety of single family mortgage programs through FHA-Approved lenders nationwide. FHA/HUD does not loan money, but FHA-Approved Lenders will, and one of the programs a prospective home buyer may want to consider is the Section 203k. The Section 203k program is HUD's tool for aiding buyers in renovating, rehabilitating, and repairing single family residences. Consequently, this program is seen as an essential part of neighborhood/community revitalization, and a means to make home ownership possible for even more Americans. Your FHA-Approved Lender may be able to use Section 203k in conjunction with other supported programs, such as HUD's Community Development Block Grant Programs, HOPE, or HOME, to assist Buyers in becoming Homeowners and revitalizing neighborhoods. Read more about the program on HUD's (U.S. Department of Housing and Urban Development) website: http://www.hud.gov/offices/hsg/sfh/203k/203kabou.cfm. |
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