Frequently Asked Questions

What Is the FHA 203k Loan Program?
What Properties Are Eligible?
What type of home improvements does a 203K Loan cover?
What are the two types of FHA 203k Loans?
Is there a minimum or a maximum rehab amount for a FHA 203k Loan?
How Much Money Is Needed?
How is the property appraised?
What type of home improvements does a 203K Loan cover?
How do the contractors get paid?
Can an investor use the FHA 203k Loan?
Can I refinance my existing mortgage loan into an FHA 203k Loan?
What are the steps to purchase a property using the FHA 203k Loan?
Who do I contact for more information?
Do I need to hire a HUD approved 203k Consultant?
What happens if the cost of the rehab increases during the rehab period?
Is Property Resolutions an Approved & Experienced 203K contractor?
Will my mortgage lender inspect the repairs/improvements?