203K Rehabilitation and Improvement Loan
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The 203k Loan can be used to expand a home and in combination with other state and local programs.
The 203k Rehabilitation Program is HUD’s main program for providing home repair assistance for single-family dwellings.
The program in conjunction with other state and local programs have successfully helped borrowers with rehabilitation projects. The program is designed to help revitalize and empower communities and expand the rate of home ownership.
There are several state housing finance agencies that have designed programs to be used specifically with the 203 (k) Rehabilitation Program.
For more detailed information on this program see Rehab A Home With Hud’s 203 (k)