An FHA 203k Loan is a rehab loan backed by the Federal Housing Authority. It allows home buyers to borrow to make repairs to a property after closing.
Why would I use a 203K Loan?
Typically for most conventional loan approvals the property has to be habitable and pass inspections. Many times the seller can not fix problems that may arise such as furnace issues, old roof, peeling lead paint, non-functioning plumbing or electrical systems. When these deficient conditions exist, a bank may deny a conventional loan application. If you apply for a 203k Rehab Loan, however, you may be able to borrow enough money to purchase the home AND make pre-approved repairs after closing.
Most children, at one time or another, dream of the perfect tree house. A place that they can hang out with friends and decorate to their liking - a place to call their own. If you have children, you may have at one time thought about building a play house for your kids.
Below are some charming, some amazing, and some truly creative play houses. Happy dreaming!
Simple Tree House Designs
If you are looking for simpler designs, something that will take an afternoon, not a summer, to complete, check out these cute tree house designs.