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If you are buying a home in Mineola that needs minor or major upgrades, an FHA 203k Loan is one of many New york rehab loan programs that includes funding for home renovation costs in the original loan amount, at the time of purchase.
FHA’s 2019 minimum national loan limit, or floor, of $314,827 is set at 65% of the national conforming loan limit of $484,350. This floor applies to those areas where 115% of the median home price is.
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