Have you considered the FHA 203(k) Rehab-loan?

In case you didn’t see it, Fox 25 in Boston reported on a under-used loan program from FHA called the 203(k) rehabilitation loan.  Now, I’m sure there are plenty of you out there who know about it, but despite that, it was used less than 1,000 times out of 37,000+ home sales in 2010.   So, for those of you who haven’t heard, now you know.  For those of you who do know, consider this a reminder. Here’s the official summary from HUD.  And let us know if you’ve used this loan before.  Thanks!

Check out the video below.