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Updated over 3 years ago,

Kyler J Sloan's profile image
Kyler J Sloan's profile image
Kyler J Sloan
  • Investor
  • from Maggie Valley, NC
  • Member since Sep 24, 2020
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User Stats

284
Posts
85
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Kyler J Sloan's profile image
Kyler J Sloan's profile image
Kyler J Sloan
  • Investor
  • from Maggie Valley, NC
  • Member since Sep 24, 2020
Connect
Kyler J Sloan
  • Investor
  • Maggie Valley, NC
85
Votes |
284
Posts
Private Lending & Conventional Mortgage Advice

FHA 203 K Maximum Loan Amount

Kyler J Sloan
  • Investor
  • Maggie Valley, NC
Posted

There is a property that I want to use a construction loan on, but cannot use a 203 K for unless it qualifies as a 3-unit. 

Once the construction is complete, it will can qualify as a 3-unit, but not before. 

Can the maximum FHA loan amount be determined based on what the property will become in the course of improvement?

Thanks in advance.  

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