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Updated about 8 years ago,
FHA financing a distressed duplex
I'm looking to buy my first duplex with a 3.5% FHA loan. Ideally I'd like to buy a property that needs some work - not a complete gut rehab but maybe 20-40k of repairs total.
1. Are there restrictions on the condition of the MFH that I need to abide by?
2. Can I combine the 3.5% down with a FHA 203k loan to fund the rehab?
Thanks!