Finance
Which Kansas borrower would most benefit from an FHA 203(k) rehabilitation loan?
AA buyer purchasing a newly constructed home
BA buyer purchasing a property that needs significant repairs and wants to finance both purchase and renovation costs✓ Correct
CA commercial real estate investor
DA borrower with excellent credit seeking the lowest rate
Explanation
FHA 203(k) loans allow buyers to finance the purchase price plus renovation/repair costs into a single mortgage, making them ideal for purchasing properties needing significant work.
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