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Updated over 8 years ago on . Most recent reply

Robin Wilk's profile image
Robin Wilk's profile image
Robin Wilk
  • from Wilmerding, Pennsylvania
  • Member since Jun 30, 2016
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Robin Wilk's profile image
Robin Wilk's profile image
Robin Wilk
  • from Wilmerding, Pennsylvania
  • Member since Jun 30, 2016
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Robin Wilk
  • Wilmerding, PA
44
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188
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Private Lending & Conventional Mortgage Advice

FHA 203k Loan Question

Robin Wilk
  • Wilmerding, PA
Posted

Is it possible to refinance an existing mortgage into a FHA 203k loan on an owner occupied property and if it's possible does the property need to be occupied for the 1 year minimum like a traditional FHA loan? I'm looking to fix up my single family home and then sell it to move to another area. Any help or advice would be great thanks.

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Carrianne Mucho's profile image
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Carrianne Mucho
  • Lender
  • from Roseville, California
  • Member since Jun 1, 2011
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Carrianne Mucho's profile image
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Carrianne Mucho
  • Lender
  • from Roseville, California
  • Member since Jun 1, 2011
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Carrianne Mucho
  • Lender
  • Roseville, CA
86
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Carrianne Mucho
  • Lender
  • Roseville, CA
Replied

The Homestyle loan has both owner occupied and investor options (with different equity position requirements).

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