Would I qualify for a 203K loan?
Hey guys. I haven't yet made my first deal, but I've decided when I do, I'd like to use a 203k loan. I just like the idea of 3.5% for the total cost of the house + the repair costs to fix it up. The only question is, I'm not sure if I even qualify for this loan, since I've never received one before. I'm not even sure where to get one. I have over 100k in student debt from a graduate program I am in, and this is worrisome to me as I am unsure of what factors they consider. I am sure I want to do my first deal by the end of this year, and want to be ready for one when the opportunity presents itself. With that said, what are your recommendations for me?
I'm willing to any other questions to help you help me answering this.