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Updated over 12 years ago on . Most recent reply

User Stats

734
Posts
750
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David Robertson
  • Flipper/Rehabber
  • Kansas City, MO
750
Votes |
734
Posts

NOT FHA or 203k eligible because of additions made to property...is this an issue?

David Robertson
  • Flipper/Rehabber
  • Kansas City, MO
Posted

Has anybody ran into any issues with a property because of additions made to a property by the previous owner. I am looking at a property for a light rehab, but on the listing it says it does not qualify for FHA loans because of the additions made to the house.

The addition appears to be a 15x15 addition off the kitchen (see attached photo)

Will this be a problem when I go to sell? I'm assuming this will eliminate any FHA homebuyers? Is that a large % of homebuyers?

Thanks for your input!

  • David Robertson
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FlipperForce

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