A mortgage for the purpose of repairing and improving a resale home or building.

A mortgage that covers the costs of rehabilitating (repairing or improving) a property. (last updated 03/19/2004)

a mortgage that covers the costs of rehabilitating (repairing or Improving) a property; some rehabilitation mortgages - like the FHA's 203(k) - allow a borrower to roll the costs of rehabilitation and home purchase into one mortgage loan.

a loan used to purchase and renovate a property