If you’ve been passing up buying Indiana homes that require cosmetic repairs for lack of funds to fix them up, Indiana FHA has a program for you. FHA 203k is for larger projects and FHA 203k Streamline has less paperwork and simplifies the process to obtain rehab funds. Buying a home in Indianapolis, Bloomington and the surrounding cities can be a competition. Homes that are ready to move in typically have up to a dozen offers the day after it hits the market.
A Indiana FHA 203K or 203k Streamline loan might be the answer on a fixer.
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