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The FHA 203k mortgage is a special loan program designed to make it easy for a person to purchase a home in need of repair or to finance necessary repairs to an existing home, rolling the cost of the repairs and mortgage together into one loan. These FHA 203(k) rehab loans are HUD’s primary loan product for the repair and rehabilitation of single-family dwellings.
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Can you get down payment assistance with a FHA 203K loan? Asked by niveklandy, Houston, TX Thu Jul 18, 2013. I have been pre-approved for the loan. The offer has been accepted; however, my mortgage company says that I need almost $6,500 to close on a $55K Loan
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