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If you find yourself contemplating purchasing an excellent fixer-higher otherwise a home that's wanting solutions, you should think a keen FHA 203K financing . A beneficial 203K financing can help you safe financial support to pay for the expense of the home, together with cost of solutions, for a minimal deposit -already, 3.5 percent. Remember, that just as with a keen FHA financing, you will need to entertain the home given that a holder-tenant, and you may are now living in the home getting a particular time period one which just can book it out. (more…)