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A Wave of Zoning Law Changes Could Have Huge Impacts for Investors and Housing—Here’s What You Need to Know
The U.S. is facing a housing deficit of about 3.2 million units, and the situation is especially dire in urban areas like New York. It’s one of the reasons prospective homebuyers are finding […]
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Private Lending & Conventional Mortgage Advice
HomeForumsPrivate Lending & Conventional Mortgage AdviceFHA 203K and HomePath Renovation questions
Account Closed's profile image
Account Closed's profile image
Account Closed
  • Involved In Real Estate
  • from New York City, New York
  • Member since Dec 7, 2013
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Account Closed's profile image
Account Closed's profile image
Account Closed
  • Involved In Real Estate
  • from New York City, New York
  • Member since Dec 7, 2013
Connect
Account Closed
  • Involved In Real Estate
  • New York City, NY
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Private Lending & Conventional Mortgage Advice

FHA 203K and HomePath Renovation questions

Account Closed
  • Involved In Real Estate
  • New York City, NY
Posted Dec 11 2013, 18:42

Do these loans cover 'all' types of renovations OR just 'some' renovations. Example: Let's say I want to convert a 2bdrm into a 4bdrm by turning a porch and a dining room into legal bedrooms (they would meet legal bedroom requirements). Would they except these types of renovations? For 203K, I found this and don't see it listed there: For Homepath, I can't find a list.

http://203kcontractors.com/faqs#repairs

If they don't cover those types of renovations, what other options would be available to me for funding the refurb by a lender?

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