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Updated about 4 years ago,

Andrew Sprague's profile image
Andrew Sprague's profile image
Andrew Sprague
  • Realtor
  • from Boston, MA
  • Member since Sep 4, 2019
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User Stats

17
Posts
32
Votes
Andrew Sprague's profile image
Andrew Sprague's profile image
Andrew Sprague
  • Realtor
  • from Boston, MA
  • Member since Sep 4, 2019
Connect
Andrew Sprague
  • Realtor
  • Boston, MA
32
Votes |
17
Posts
Private Lending & Conventional Mortgage Advice

FHA 203(k) Renovation Loan Specifics

Andrew Sprague
  • Realtor
  • Boston, MA
Posted

I've been looking into using the FHA renovation loan. As I understand it allows general rehab up to $35,000 that can be financed into the mortgage. Does anybody have any experience with this loan and can help me understand what scope of work is allowed. Is this a useful loan for updates on the cosmetics of the house or is it just to bring the house to FHA requirements? Any input or advice would be greatly appreciated.

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