FHA 203 Rehab

I’m looking at a property and the listing agent says “possible FHA 203 rehab”

Can someone fill me in on 203??

Go to this site

http://www.hud.gov/offices/hsg/sfh/203k/203kabou.cfm

In a nutshell, FHA 203K is FHA’s version of an owner-occupied rehab loan. Yeah, just check out the FHA website for all the specifics.