FHA 203(K) Loan for building additional units

3 Replies

Could I purchase a duplex and add 2 units to make it a 4-plex with an FHA 203(k) loan? I know you are able to use it for rehabbing the state of current units but is it possible to add additional units as a part of the "rehab"?

Originally posted by @Cameron Litton :

Could I purchase a duplex and add 2 units to make it a 4-plex with an FHA 203(k) loan? I know you are able to use it for rehabbing the state of current units but is it possible to add additional units as a part of the "rehab"?

Zoning and permits and the moon and the stars and the ARV appraisal need to align, but yes this is possible.