FHA 203K Loan or Conventional Rehab loans for a future house hack

[Preston Wallace]

I have been monitoring the market in my area for the past few months looking for a second home to house hack. So far the only houses I have viewed have been built within the past 15 years and only need minor cosmetic updates or homes that have already been rehabbed. However, I have not had much luck finding something that checks the boxes and is within the price I'm looking to spend. 

I have monitored some listings that would require more than paint and floors to achieve maximum value, but I have not made the time commitment to view them because I am not as familiar with the financing options for these homes. I have done some light reading on the FHA 203K loan, but did not find as much on Conventional rehab loans. I'm still waiting on a response from my lender as well with more information on these options. Does anyone else on the forum have any experience with these loan types?