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FHA 203(b) Loans: How FHA 203(b) Loans Work

Written by the MasterClass staff

Last updated: Feb 25, 2022 • 4 min read

FHA 203(b) is a home mortgage loan program for first-time homebuyers, buyers with less-than-average credit, and homeowners who want to refinance their homes to pay for renovations. Learn more about FHA loans and eligibility requirements.