First time home buyer looking to house hack first home.

[Joel Di Piazza]

Hello, 

I am in Clearwater Florida using my 401k ($25,000.00) as a down payment for my first home purchase of a multi-family or a single family with a in law suite. That I intend to of course live in one and rent the other. 

My question as it pertains to the mortgage is, can funds to rehab the purchase property be rolled into the mortgage? Or how can you be creative in to accomplish this or something similar?

Thank you, 

Joel Di Piazza

[Adam Bartomeo]

Yes, there are ways to get a construction loan rolled into the mortgage. I am not an expert with this but I believe FHA has a 401b loan that allows you to borrow and fix up the property. Some of the lenders on BP will know way better.