What is a Rehab Loan? Understanding 203k Rehab Loans & Conventional Rehab Loans

If you’re thinking about renovating your home, doing major home repairs, or purchasing a new house that requires extensive work, a rehab loan can provide you with the financing you need. A home repair or renovation can cost thousands or even tens of thousands of dollars. Understanding your financing options is crucial to managing your budget and planning a project you can afford. Learn more about what a rehab loan is and how common rehab loan options work so you can prepare for your project.

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