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Updated over 16 years ago, 07/12/2008
203K Loan availability
Are banks still offering loans that conform to the FHA 203K criteria? I started looking for financing yesterday and a broker that is known to be resourceful quickly said that with only 3% down she couldn't get me rehab money. It is an insured loan right? This could be much less expensive than hard money.
Zach
The FHA 203k loan is for owner occupants only. If you are buying the house to be your personal residence it can work. If you are looking for a loan on an investment property you can't do it.
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