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Updated over 3 years ago on . Most recent reply

William Hinsche's profile image
William Hinsche's profile image
William Hinsche
  • Investor
  • from United States
  • Member since May 7, 2021
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55
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11
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William Hinsche's profile image
William Hinsche's profile image
William Hinsche
  • Investor
  • from United States
  • Member since May 7, 2021
Connect
William Hinsche
  • Investor
  • United States
11
Votes |
55
Posts
General Landlording & Rental Properties

FHA 203K vs Fannie Mae/Freddie Mac Renovation Loans

William Hinsche
  • Investor
  • United States
Posted

Hi,

What are the differences between the FHA 203K Loan versus the Fannie Mae/Freddie Mac Renovation Loans? Are payments for the Fannie Mae/Freddie Mac renovation loans rolled up into the mortgage like the 203K loan does?

I know that there's only certain general contractors ["GCs"] that accept to do 203K loan projects. How do general contractors perceive the use of Fannie Mae/Freddie Mac Renovation Loans? Do GCs have to jump through similar hoops or are they more willing? 


Thanks.

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