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Updated about 1 month ago on . Most recent reply

India H.'s profile image
India H.'s profile image
India H.
  • from Reston, VA
  • Member since Jan 30, 2018
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India H.'s profile image
India H.'s profile image
India H.
  • from Reston, VA
  • Member since Jan 30, 2018
Connect
India H.
  • Reston, VA
15
Votes |
17
Posts
Rehabbing & House Flipping

203k Rehab Loan & Down Payment Assistance

India H.
  • Reston, VA
Posted

Hey! I'm new to the 203k Rehab loan. Can a down payment assistance program be used with the 203k? Thanks

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India H.'s profile image
India H.'s profile image
India H.
  • from Reston, VA
  • Member since Jan 30, 2018
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Votes
India H.'s profile image
India H.'s profile image
India H.
  • from Reston, VA
  • Member since Jan 30, 2018
Connect
India H.
  • Reston, VA
15
Votes |
17
Posts
India H.
  • Reston, VA
Replied
Quote from @Chad Swartz:

Hello India, I have seen Dp assistance used with 203k. Ultimately though, it will depend on the lender and the availability of funds (assistance) available for the demographic area that you are purchasing in.

Do you have a property that you are looking at?

Chad


 Hi Chad. Thanks for the response. I do have a property in mind. The lenders that offer the 203k renovation loan are telling me that DPA cannot be used with it and this is in Ohio.

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