Renewed efforts to promote FHA’s 203(k) Rehabilitation Mortgage Insurance Program.
The Federal Housing Administration (FHA) announced the availability of informational fact sheets for its 203(k) Rehabilitation Mortgage Insurance Program. These materials are designed for FHA-approved lenders and are intended to increase their awareness and understanding of the features and benefits of FHA’s 203(k) Program. The 203(k) Program is FHA’s primary program for financing the rehabilitation and repairs, both structural and non-structural, of single-family properties. The program can also be used by borrowers wanting to make improvements to increase energy efficiency or to increase the property’s resilience against future disasters as part of a renovation project or repair of disaster-related damage. The information presented in the fact sheets can be helpful to lenders, homebuyers, and homeowners and includes a program overview and a comparison of the 203(k) program versus other available programs.
These fact sheets can be found on the 203(k) Program webpage under “More Resources.” Additional fact sheets for consumers and 203(k) Consultants will be announced in upcoming FHA INFO announcements.
Source: FHA