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Updated almost 4 years ago, 01/08/2021

User Stats

20
Posts
11
Votes
Kyle McGrath
  • Jacksonville, FL
11
Votes |
20
Posts

203k Loan Experience

Kyle McGrath
  • Jacksonville, FL
Posted

My wife and I are currently renting but are looking for a Multifamily (Duplex, Tri, Quad) as a House Hack for our first home.

I am wondering if anyone has experience using a 203k loan and certified FHA contractors? We might utilize this loan as an option to finance.

I've heard to expect a lot of red tape and long time to close, but to me, the more work something is, the better the pay off. Wondering if my hunch is correct?

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