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what kind of improvements I can make using Rehabilitation Mortgage Insurance(section 203(k)) finances

colin · Posted: Tue Nov 21, 2006 2:51 pm Post subject:

Hi Olsen,

With the financing from Section 203(k) you are allowed to make the following types of improvements:

Structural alterations & reconstruction.
Modernization and improvements to the home's function.
Elimination of health and safety hazards.
Changes that improve appearance and eliminate obsolescence.
Reconditioning or replacing plumbing; installing a well and/or septic system.
Adding or replacing roofing, gutters and downspouts.
Adding or replacing floors and/or floor treatments.
Major landscape work and site improvements.
Enhancing accessibility for a disabled person.
Making energy conservation improvements.

Hope the answer provides you a clear understanding of the allowed improvements that can be made to the property.

Let me know if you have any other query.

Colin

Guest

Thanks colin for giving such a detailed description of the improvements allowed with the available finance

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