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Updated about 5 years ago on . Most recent reply

Meshia Smith's profile image
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Meshia Smith
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Meshia Smith's profile image
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Meshia Smith
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Meshia Smith
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Wholesaling

FHA 203 Rehab Loan Inquiry

Meshia Smith
Posted

Has anyone heard of or had success with the FHA 203 loan? A mortgage advisor stated this is one of the best loans for newbies such as myself to get in on when starting in investing. I googled some of the information, but curious to know if anyone has used it thoroughly enough to provide their own personal insight/experience??

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Tim Johnson's profile image
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Tim Johnson
  • Lender
  • from Grand Rapids, MI
  • Member since Jun 29, 2018
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Tim Johnson's profile image
Tim Johnson's profile image
Tim Johnson
  • Lender
  • from Grand Rapids, MI
  • Member since Jun 29, 2018
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Tim Johnson
  • Lender
  • Grand Rapids, MI
446
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703
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Tim Johnson
  • Lender
  • Grand Rapids, MI
Replied

Look at the fannie mae homestyle loan.  I find it much easier to work with, and less clutter in paperwork.

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