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Updated almost 7 years ago on . Most recent reply

Maritsa Cortes's profile image
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Maritsa Cortes
  • from Philadelphia, PA
  • Member since Jun 22, 2018
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Maritsa Cortes's profile image
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Maritsa Cortes
  • from Philadelphia, PA
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Maritsa Cortes
  • Philadelphia, PA
3
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Starting Out

Should I apply for an FHA or FHA 203k?

Maritsa Cortes
  • Philadelphia, PA
Posted

I'm looking into FHA's and I came across an article on 203k's and how they help with repairs/updates. Does anyone know if it makes a differance to apply for one or the other when buying my first property? Thanks everyone! This community has been insanely helpful.

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Larry S.'s profile image
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Larry S.
  • from Northern NJ
  • Member since Oct 9, 2017
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Larry S.
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Larry S.
  • Northern NJ
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Larry S.
  • Northern NJ
Replied

@Maritsa Cortes A 203k is a type of FHA loan. So all 203k loans are FHA loans, but not all FHA loans are 203k loans. Hope that helps

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