Will you be an owner occupant? FHA203B is not elgible for investors.
I have not heard the program is no longer available. Best to find a Realtor who is familiar with the program in your town. Start there, get pre-qualified FHA...then go find the house with your Realtor.This message has been edited. Last edited by: real estate lady,
hello takers! I'm not sure what area you are in but FHA 203k loans are still around. And real estate lady is correct, the property has to be bought as a primary. Note that there is a difference between a 203k and 203b. 203k's are for repairs over 5,000 and 203b's are for repairs under 5,000. Make sure you specify when contacting a mortgage consultant. Hopes this helps!
Home loans can be very beneficial for property buyers, as they not only help you buy your dream home, but also help you save on taxes. Do remember to choose the right home loan and research well of Home loan companies.
Members of the message boards appreciate most contributions. Also, members of the boards follow the rules and do not appreciate people who do not. We will welcome future posts once you read the rules about no advertising. Many of us are pros and would love to advertise our business but respect the rules and do not.
If you post again and continue to advertise - we will contact your company and let them know that you are doing them a disservice.
"Property Brothers'? What kind of property is this - residential, ******inium, or mixed-use properties (properties that contain both commercial and residential units)? There are various types of properties which are 203(k) eligible — single-family residences (either stand-alone homes or attached homes, like row homes), and homes in planned unit developments (PUDs). Although some restrictions and special rules apply, you can also use 203(k) Renovation financing to purchase and refurbish ******iniums, two-to-four unit properties, and mixed-use properties. You can ask an FHA expert here about the underwritings and guidelines http://www.zillow.com/profile/...ectMortgage/Reviews/