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Updated about 6 years ago on . Most recent reply

J. Broham's profile image
J. Broham's profile image
J. Broham
  • Member since Sep 22, 2018
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J. Broham's profile image
J. Broham's profile image
J. Broham
  • Member since Sep 22, 2018
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J. Broham
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Mortgage Brokers & Lenders

Questions about 203k

J. Broham
Posted

Talk with two potential 203k lenders yesterday - need help clarifying some things.

One lender told me I can not use a 203k loan on a multi-family unit, however they can use an reg. FHA.

Another lender told me I can not use a 401k down payment for a 203k loan.

Are they both true ?

Need advice from a lender that does these type of loan.

Thanks !

-J

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