To be eligible, a Wholesale account must be HUD Approved or and sponsored by an Agent.
This program is designed by the United States Department of Housing and Urban Development (HUD) for the rehabilitation of a primary residence. Section 203(k) insurance enables homebuyers and homeowners to finance either the purchase or a refinance of a house and the cost of its rehabilitation through a single mortgage.
The following borrower types are eligible:
The following property types are eligible and must conform to HUD guidelines: