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stephjones_gw

203K loan question

13 years ago

Can a 203K loan be used to add an addition on to a house? We want to purchase a home that needs updating. However it is a small house and we would like to bump out the back to open it up and renovate that whole area, with a new kitchen, etc. Can you do this type of thing with a 203K loan? Or is it only used to make improvements to the structure as it is now?

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