Updated almost 5 years ago on . Most recent reply
Do you have to live in the home if you use a 203k loan?
I'm looking into using a 203k loan for my first investment property, but i do not wish to live in the home. I've read that you "have to plan to live in" the house you use the loan on, but do you actually have to?
Most Popular Reply
The home has to be your primary residence for at least a year from purchase. With that said, you do not need to move in until the rehab is complete and the unit is habitable obviously.
- Michael Noto