Q & A: Fixer-Upper Loans

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  1. Are there government programs for rehab?

Are there government programs for rehab?

Yes, the U.S. Department of Housing and Urban Development (HUD) has a 203 (k) loan program specifically for “handyman specials and fixer-uppers”. The 203(k) program allows you to acquire a loan for the property with the costs of repairs included in the loan. Buyers must work with a HUD 203(k) approved lender and meet program requirements. Visit the HUD website, for more information.

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