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Updated about 11 years ago on . Most recent reply

Arthur Banks's profile image
Arthur Banks's profile image
Arthur Banks
  • Real Estate Investor
  • from Waukegan, Illinois
  • Member since Apr 22, 2013
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Arthur Banks's profile image
Arthur Banks's profile image
Arthur Banks
  • Real Estate Investor
  • from Waukegan, Illinois
  • Member since Apr 22, 2013
Connect
Arthur Banks
  • Real Estate Investor
  • Waukegan, IL
78
Votes |
367
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Rehabbing & House Flipping

203k loan for carpet and paint?

Arthur Banks
  • Real Estate Investor
  • Waukegan, IL
Posted

I'm looking at purchasing an 1100 sq ft 3BD, 2BA single family to owner occupy. If I'm not mistaken the lender has advised I can use a 203K loan. My question is, if it's a small amount of work (carpet, paint, kitchen and bath tiles, maybe cabinets) should I do this type of loan? I'm thinking I don't want to finance these things over 30 years.

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