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Updated over 8 years ago on . Most recent reply

User Stats

33
Posts
10
Votes
Nick Brown
  • Orlando, FL
10
Votes |
33
Posts

203k Loan

Nick Brown
  • Orlando, FL
Posted

Hi Investors! I have a few questions on a 203k Loan. I was told by a Broker that When you need a co-signer (which I will and I can get) that you can not do a 203k Loan with 3.5% down on a owner occupied multifamily. You would in that case have to put 20% down.

In order to put 3.5% down when needing a co-signer would be on a single family only.

Any thoughts? Are there other loans I can look into? SONYMA? Would love to hear your opinions..NY located

- NB

Most Popular Reply

User Stats

86
Posts
51
Votes
Brent Shryock
  • Real Estate Lender
  • Jacksonville, FL
51
Votes |
86
Posts
Brent Shryock
  • Real Estate Lender
  • Jacksonville, FL
Replied

is this on a sfr or multi?

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