Using a 203K loan. Pros & Cons/Advice and tips

[Ramon Sorto]

Hello everyone,

I am considering on purchasing a SFH in Charlotte, NC but the house needs major work too be done. I am considering on using a 203K loan (if possible) the house has been on the market for almost 4months so its possible I can purchase it below market value. I have never used a 203K loan before so I am a bit skeptical. I would really appreciate any advice or tips on using a 203K loan. Is it worth using a 203K or is it too much of a headache? How was the process like? Thank You in advance for all the help.

Ramon Sorto