FHA 203K LOAN have higher mortgage rates than regular FHA LOANS DUE To LLPA, LOAN LEVEL PRICING ADJUSTMENTS. Reason being is 203K LOANS are considered higher risk loans so that is why it has higher rates. Its okay because once you have completed the work, in 6 months you can so a no cost, no appraisal, no income FHA 203K STREAMLINE REFINANCE mortgage.
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