Finance
A Washington homebuyer uses a 203(k) rehabilitation loan. This loan is offered by:
AFannie Mae
BThe FHA (Federal Housing Administration)✓ Correct
CThe VA (Department of Veterans Affairs)
DUSDA Rural Development
Explanation
The FHA 203(k) loan is a rehabilitation mortgage that allows buyers to finance both the purchase and renovation of a home in a single loan. It is a popular tool for purchasing fixer-upper properties.
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