The Federal Housing Administration (FHA), which is part of
the Department of Housing and Urban Development (HUD),
administers various single family mortgage insurance
programs. These programs operate through FHA-approved
lending institutions which submit applications to have the
property appraised and have the buyer's credit approved.
These lenders fund the mortgage loans which the
Department insures. HUD does not make direct loans to help
people buy homes.
The Section 203(k) program is the Department's primary
program for the rehabilitation and repair of single family
properties. As such, it is an important tool for community
and neighborhood revitalization and for expanding
homeownership opportunities. Since these are the primary
goals of HUD, the Department believes that Section 203(k)
is an important program and we intend to continue to
strongly support the program and the lenders that
participate in it.
the Department of Housing and Urban Development (HUD),
administers various single family mortgage insurance
programs. These programs operate through FHA-approved
lending institutions which submit applications to have the
property appraised and have the buyer's credit approved.
These lenders fund the mortgage loans which the
Department insures. HUD does not make direct loans to help
people buy homes.
The Section 203(k) program is the Department's primary
program for the rehabilitation and repair of single family
properties. As such, it is an important tool for community
and neighborhood revitalization and for expanding
homeownership opportunities. Since these are the primary
goals of HUD, the Department believes that Section 203(k)
is an important program and we intend to continue to
strongly support the program and the lenders that
participate in it.
Rehab a Home w/HUD's 203(k) Rehab
Program
Program
| FHA Loan Programs |
Many lenders have successfully used the Section 203(k) program in partnership with state and
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