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If my buyer uses 203(k) financing to purchase a home, can they take advantage of the $100 down payment incentive?

April 26, 2017advantage buyer down payment financing Home k purchase uses

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If my buyer uses 203(k) financing to purchase a home, can they take advantage of the $100 down payment incentive?

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A. Yes. Please be aware that the 203(k) program may be used only on properties listed Uninsurable (UI). However, FHA also offers a financing option designated “Streamline 203(k)”. Streamline. 203(k) financing can be used on properties listed Insured (IN) or Insured with Escrow (IE).