The FHA 203K Loan is a government loan that is designed for you to more easily finance the rehabilitation and repair of your single family home. The FHA, part of HUD which is what makes this a government loan, considers the 203k loan to be an important catalyst to revitalize neighborhoods, communities and towns. It also offers increased home ownership opportunities. Pretty cool right?

What can the FHA 203K loan do for Redding home owners in Shasta County?
Some of the homes in Redding and Shasta County are in “tough” condition and are in need of serious repair which makes it challenging for a home owner to qualify for a home mortgage loan.

The FHA 203k loan program allows Redding home owners in Shasta County to:

Buy beat up homes, REO’s or Foreclosures and then use government funds via the 203 loan to finance the costs of fixing them up?
Borrow the funds to both purchase and renovate your dream home!

Pros to the FHA 203k loan:

• The total loan amount is calculated based on the home’s future value with the renovations made
• Only one loan to purchase and improve your home
• You can buy a home that, in most cases, would not be financeable