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Updated about 8 years ago on . Most recent reply

Cory Newton's profile image
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Cory Newton
  • from Randallstown, Maryland
  • Member since Nov 21, 2016
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Cory Newton
  • from Randallstown, Maryland
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Cory Newton
  • Randallstown, MD
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Is it possible to use a 203k loan for a rehab,flip

Cory Newton
  • Randallstown, MD
Posted

Does anyone know if you have to live in a property you get a 203k loan for or if you can use that loan for a flip

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Jordan Moorhead's profile image
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Jordan Moorhead
  • Real Estate Agent
  • from Austin, TX
  • Member since Jun 19, 2015
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Jordan Moorhead's profile image
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Jordan Moorhead
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  • from Austin, TX
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Jordan Moorhead
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  • Austin, TX
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Jordan Moorhead
  • Real Estate Agent
  • Austin, TX
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Pretty sure you have to occupy properties with an FHA loan for a year before selling and 6 months before refinancing. Those are the terms of my FHA loan at least.

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