FHA 203(k) Loan

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Definition: FHA 203(k) Loan

FHA 203(k) Loan
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Full Definition of FHA 203(k) Loan

US Department of Agriculture-backed home mortgage loan for the purpose of acquiring and rehabilitating a damaged house. The home must be the recipient’s primary place of residence. Features of the loan include a low-down payment and an amount that includes the purchase price and reasonable cost of repairs.

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https://payrollheaven.com/define/fha-203k-loan/
Modern Language Association (MLA):
FHA 203(k) Loan. PayrollHeaven.com. Payroll & Accounting Heaven Ltd.
April 19, 2024 https://payrollheaven.com/define/fha-203k-loan/.
Chicago Manual of Style (CMS):
FHA 203(k) Loan. PayrollHeaven.com. Payroll & Accounting Heaven Ltd.
https://payrollheaven.com/define/fha-203k-loan/ (accessed: April 19, 2024).
American Psychological Association (APA):
FHA 203(k) Loan. PayrollHeaven.com. Retrieved April 19, 2024
, from PayrollHeaven.com website: https://payrollheaven.com/define/fha-203k-loan/

Definition Sources

Definitions for FHA 203(k) Loan are sourced/syndicated and enhanced from:

  • A Dictionary of Economics (Oxford Quick Reference)
  • Oxford Dictionary Of Accounting
  • Oxford Dictionary Of Business & Management

This glossary post was last updated: 17th November, 2021 | 0 Views.