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The 203k is an FHA program designed to renovate the inventory of existing homes. It allows a buyer to purchase a less-than-perfect house, and to renovate it, with a single mortgage—that is based on the estimated value of the home after construction is complete.

It works like a charm—if you know how to use it. Your buyers can finally afford to buy the home of their dreams. They just need you to show them how to do it.