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Published on May 11, 2011
http://www.amerifirst.com/download-th... Home buyers who find problems with a potential dream home can turn that "dog house" into a "doll house" with the FHA 203k program. For instance, finding a home with an in-ground pool may be great for some folks, but not everyone. The 203k can cover the cost of filling in that pool to restore the space back to a nice yard. The cost per month on your mortgage? About $6 per $1,000 in repairs. If filling in that pool costs $5,000 then you'll only pay about $30 a month to have your dream house. AmeriFirst 203k Program Manager Joe Daly explains this example during a Realtor class in Battle Creek, Michigan.