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Updated over 9 years ago on . Most recent reply

Ben D.'s profile image
Ben D.'s profile image
Ben D.
  • Investor
  • from Portland, Oregon
  • Member since Aug 20, 2015
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Ben D.'s profile image
Ben D.'s profile image
Ben D.
  • Investor
  • from Portland, Oregon
  • Member since Aug 20, 2015
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Ben D.
  • Investor
  • Portland, OR
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14
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Buying & Selling Real Estate

Do you need to add rehab cost to FHA 203k loan?

Ben D.
  • Investor
  • Portland, OR
Posted

Hello everyone,

When you apply for a 203k loan, do you have to take a portion and allocate it to rehab costs? For example, if a house is worth 200k, with rehab costs of 25k do I have to take 225k out? Can I just take out 200k?

Thank you,

Ben

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