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foreign if youve been wondering about a 203k loan and how it works then youre in the right place hi this is Scott Hastings with mortgages by Scott and Ive been getting a lot of calls and emails lately about FHA 203k renovation loans and also the conventional uh loan as well if uh if youre wondering about a conventional version which is called a home style loan I have another video on that and Ill put it in the comments section below a link to it uh by the way if you find this video helpful at any point along the way please hit the like And subscribe button that really helps me out a lot but anyway back to the FHA 203k loan so just a very simple description of what the loan is its just a normal FHA loan but what it does is it allows you to borrow the money for any repairs you want to do to the home at the same time as you buy the house and just get one 30-year fixed loan the money goes into an escrow account the money for repairs after you close and then the um the contractor the
