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Updated over 5 years ago on . Most recent reply

Tyler Dunkel's profile image
Tyler Dunkel's profile image
Tyler Dunkel
  • Member since Oct 23, 2018
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Tyler Dunkel's profile image
Tyler Dunkel's profile image
Tyler Dunkel
  • Member since Oct 23, 2018
Connect
Tyler Dunkel
1
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9
Posts
Chicago Real Estate Forum

Can I avoid FHA 2 unit limits (471k) by putting higher down?

Tyler Dunkel
Posted

Hi,

I am considering a 2 unit that is listed ~440 and requires about ~60k in rehab. Obviously, this puts me over the FHA limit. Is it possible to put together a larger down payment (say 15%) to enable a 203k fha loan to fall under the FHA limits and still enable the house to pass FHA (after rehab of course)?

Chicago, Illinois
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