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FHA proposes enhancements to rehab mortgage insurance program

The Federal Housing Administration has announced proposed changes to its 203(k) Rehabilitation Mortgage Insurance Program.

The changes would:

  • Increase the Limited 203(k) total rehabilitation costs limits
  • Extend the rehabilitation period for both the Standard 203(k) and the Limited 203(k) types
  • Revise the 203(k) consultant fee schedule

Comments on the FHA's proposal will be accepted through January 5, 2024.

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