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Updated almost 10 years ago on . Most recent reply
203k loan
looking for a little direction
We live in a small 900 sqft house free n clear with couple acres. We live next to alot of her family and our goal is to add on to the existing house. Were both self employed. I install tile and stone.
I want to buy a duplex with 203k loan. I see I have to live there so could I move my address there and still live at our home? Maybe stay there on weekends or something? looking for advice thanks in advance
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Don't do it. FHA 2013K is for owner occupants. If you lie on the mortgage application you are committing a Federal crime subject to 5 years in prison and a $250,000 fine.