Finance
NH buyers who use a 203(k) FHA renovation loan can finance:
AOnly cosmetic improvements
BThe purchase price plus renovation costs in a single loan✓ Correct
COnly commercial renovations
DOnly new construction
Explanation
The FHA 203(k) program allows buyers (and homeowners refinancing) to finance both the purchase and rehabilitation costs in a single FHA-insured loan — making it useful for purchasing and renovating older NH homes.
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