Nov 23

Now, a home buyer who purchases a single-family fixer-upper in an Opportunity Zone can tack up to $50,000 in rehabilitation costs onto the mortgage to purchase the property using an FHA-insured 203(K) mortgage program. Previously, the limit was $35,000.This new increase also can be used by a homeowner who wants to refinance a mortgage to fix up their home.

Source: HUD Secretary Carson visits Bristol Opportunity Zone – News – The Intelligencer – Doylestown, PA

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