The mortgage, called a 203K loan, is a Federal Housing Administration (FHA) product that permits borrowers to finance not only the price of a home but the cost of needed repairs or renovations.
“We call it the best kept secret in the mortgage business,” said Jeff Onofrio, director of renovation lending for AnnieMac Home Mortgage of Mount Laurel.
Articles written by HousingWire Staff are non-bylined, and typically involve press release coverage and aggregation of coverage appearing elsewhere. So who put all these together? Our entire staff does!see full bio
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Articles written by HousingWire Staff are non-bylined, and typically involve press release coverage and aggregation of coverage appearing elsewhere. So who put all these together? Our entire staff does!see full bio
