HUD 203K LOAN

2 Replies

can I use the FHA loan and just use cash to do repairs or do i need to have a FHA 203k loan for properties that say they are insurable with escrow. can i just bid saying i have FHA without 203k since i have the cash?

to my understanding every fha loan is fha 203k loan. 

Fha won't back a home unless it passes initially inspection. Those required repairs must be repaired by the loan. Once they are completed and you close on the home. You than can use your cash to further update the home.