4 Things I Wish I’d Known Before I Got an FHA Loan
Realtor
AUGUST 1, 2018
Now, the twist: It used to be that you had to pay this mortgage insurance on an FHA loan only until you gained 20% equity in your home. But under legislation passed in 2013, you can plan on paying that extra money for the life of the FHA loan. With a 203(k) loan, you can dedicate up to $35,000 for home improvements.
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