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Updated about 2 years ago on . Most recent reply

Chaya Grossman's profile image
Chaya Grossman's profile image
Chaya Grossman
  • Rental Property Investor
  • from Brooklyn NY
  • Member since Mar 8, 2020
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Chaya Grossman's profile image
Chaya Grossman's profile image
Chaya Grossman
  • Rental Property Investor
  • from Brooklyn NY
  • Member since Mar 8, 2020
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Chaya Grossman
  • Rental Property Investor
  • Brooklyn NY
4
Votes |
17
Posts
First-Time Home Buyer

Anyone did the 203k loan that I can talk to about it?

Chaya Grossman
  • Rental Property Investor
  • Brooklyn NY
Posted

Has anyone done the 203k loan ? How was your experience?

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Devin Ryan's profile image
Devin Ryan's profile image
Devin Ryan
  • Lender
  • from Connecticut
  • Member since Aug 30, 2022
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Devin Ryan's profile image
Devin Ryan's profile image
Devin Ryan
  • Lender
  • from Connecticut
  • Member since Aug 30, 2022
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Devin Ryan
  • Lender
  • Connecticut
20
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44
Posts
Devin Ryan
  • Lender
  • Connecticut
Replied

Hi Chaya, 

Speaking from the lending side, we have worked on plenty of 203k loans. These are a great option for the right property and can allow you to have the home you want with a more affordable starting position. The process of the 203k loan is similar to that of a standard 203b, with the exception of having contractors bids as part of the process. Are there specific questions you're looking to have addressed? 

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