Types of Property you can buy using the FHA 203k or other Renovation Loan

So, you're ready to ditch that boring apartment and finally own a place to call your own. But most homes need a little TLC, right? That's where the FHA 203(k) loan comes in. It's like a magic wand for your homeownership dreams!

The cool thing about an FHA 203(k) is that it's not just for buying a house; it's for buying your house. Here's what you can snag:

• Your First Home: Perfect for those just starting out.
• A Fixer-Upper: Find a diamond in the rough and make it shine.
• Investment Property: Turn a house into a money-making machine (with some work, of course).

But remember, your new place needs to be livable, even if it's a total disaster area.

• You gotta live there: This loan is for your primary residence, not a vacation home.
• Not a co-op: Sorry, condo or house only.
• Fixer-uppers welcome: Even if it looks like a hurricane hit it, the FHA might say yes.

Ready to find your perfect fixer-upper and make it your own? Let's dive into how much it'll cost!

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