Your experience using 203k loans

[Andre Wilson]

Hello BP,

I'm currently searching for a 3-4 unit in the Rochester, NY area and will going through ways to finance my first purchase I came across the 203k loan.

I've done some research on this particular loan and it seems like it has many great advantages that may work well for me, but I would like to know from previous experiences, what are you guys opinions.

if anyone has used one before how was your experience? what are some things I should be aware of? pros and cons? will you use again and is it a smooth process?

Thank you!