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Updated about 8 years ago on . Most recent reply

User Stats

147
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38
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John Spina jr
  • Contractor
  • Staten Island, NY
38
Votes |
147
Posts

203K Loan lending and question

John Spina jr
  • Contractor
  • Staten Island, NY
Posted

Hey everyone,

Im a general contractor and I find buy, fix and hold very appealing. From what I understand, a 203K loan includes the purchase price and the rehab price. Do big banks provide this type of loan? Also is this type of loan available for rental properties or only available for owner occupied properties?

Any information is much appreciated,

-John

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