Multifamily units and 203k loans???

[Gary Waldron]

Hello BP community,

I just watched Brandon's multifamily seminar last night and I had a question. He cited that the 203k loan program was available for multifamily units, however my broker (located in WA State) shot that down when I met with him a couple of weeks back saying that 203k loans could not be used. On the HUG.gov (http://portal.hud.gov/hudportal/HUD?src=/program_offices/housing/sfh/203k) it states that the 203k doesn't apply for multifamily units. Do any of you guys in the community have any literature stating that the 203k loan program can apply for multifamily units in the state of WA? I would like to share this info with my broker. I sent a message to Brandon (still awaiting a reply), however thought I would post this question in the forums as well.