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Updated about 8 years ago on . Most recent reply

User Stats

22
Posts
3
Votes
Dilthon Ramos
  • Replenishment Analyst
  • Los Angeles, CA
3
Votes |
22
Posts

Refi FHA to FHA 203k

Dilthon Ramos
  • Replenishment Analyst
  • Los Angeles, CA
Posted

Hi All,

Newbie here looking for feedback/guidance. I did search the forums before posting.

My wife and I purchased our first property (duplex) in Feb 2016 via FHA loan. We knew going into it and from the inspection report that the homes would need work done and set aside what we thought would be enough rehab cash. Welp... of course we didn't set aside enough and there's still more work to be done.

Is it possible, or has anybody ever refinanced from FHA to FHA 203k? My understanding is that it is possible but that it is complicated. Any info will be greatly appreciated.

Thank you!

Dilthon

P.S. Sorry if this is in the wrong forum. 

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