The FHA 203K program can save the day for, the buyer, seller and Realtor. This program, which is used to buy and repair houses has been marketed and discussed as a method to purchase distressed and foreclosed properties. However, this program can also be used to make small repairs and renovations to routine purchases and Long Island mortgages or mortgages throughout the country. This makes the home more desirable for the buyer, easier to sell for the Realtor and more marketable for the seller. First of all, let us discuss the details of the program.
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