Updated over 12 years ago on . Most recent reply
Can I buy a multifamily home with an FHA 203K?
Hey BP,
I'm looking to buy a home with a free standing detached mother-in-law apt. Its independent enough it could be considered a 2 unit home.
I looked on FHAs website and they said the 203k can be used on a 1,2,3, or 4 unit home. But my realtor says because its detached fha will consider it an investment property and won't loan on it.
Has anyone bought a home with a detached apartment with Fha or specifcall 203k?
Thanks