203K Construction

If you are intent on buying a foreclosure, but are not a do-it-yourself expert then chances are you will need to hire a contractor to handle most of the work that needs to be done. Trying to figure out how to finance both a home purchase and a home rehabilitation project at the same time can leave you strapped for cash.

However, the Federal Housing Administration (FHA) has a program to help you do both: the 203(k) program. These loans, which are not limited to foreclosures, can be used by homebuyers to purchase and improve any property under $729,750.

Clipper Remodeling can service all your 203K needs