203k Loan

[Enyi Ajoku]

I recently came across a 3 unit home, my reached out to my agent for more information and putting in an offer and he told me its a foreclosed house. I am thinking of take advantage of the 203k loan and i would appreciate if you all could help with how i can go about getting finance via 203k and what i need to do to get started.

I have read i need to have GC who would give an estimate for renovation but i don't know if i need to do that before i put in offer or after.

I also intend to call all the banks in my area to see if they fund this type of loan, i'm not too sure but i i haven't seen anywhere that says banks do. Am i wrong

In essence if i am not asking to much can i get a step by step process to get a 203k loan