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Four FHA 203(k) Myths BUSTED! Paperwork. Time. bids. big loans. Our customers tell us these are obstacles that are keeping them from taking advantage of the FHA 203(k) loan for home improvements, renovations and repairs. Real estate agents often don’t suggest this loan option to clients for the same reasons.
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Home Equity Line of Credit vs. FHA 203k. making it a bad loan. Instead, hiring a professional ensures the work will get done and it will be quality work. So if you’re set on a DIY home improvement project, then you may want to avoid the 203k as an option. Keep in mind, some of the work may be DIY-eligible, but the general rule is that you’ll.
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