Term: FHA 203k
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Can You Afford to Buy a Fixer-Upper?

By Steven Shaw on 9/25/2014

Can You Afford to Buy a Fixer-Upper?

Many homebuyers are drawn to the lure of the fixer-upper. And with good reason, at least on paper.

But the “buy low, sell high” ethos of fixer-uppers isn’t exactly a guarantee. There are plenty of people who snagged the worst house in a great neighborhood and turned it into their dream home. You’re just as likely to find overworked and overspent homeowners ready to run from their money pits.

Conventional Renovation Loans
Fannie Mae HomeStyle
FHA 203k