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Teresa Said:

I have purchased a home with fha mortgage and I want a 203k to modernize the home?

We Answered:

The comparable can be found by your realtor or appraiser.
The 203K will require a subject to appraisal which simply states an opinion of value as if the repairs/improvements have already been made. It sounds like you need to find comps in your area that have sold in the last 90 days that will justify the higher value of your home.