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Updated over 3 years ago on . Most recent reply

Michael Williams's profile image
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Michael Williams
  • Rental Property Investor
  • from Sacramento, CA
  • Member since Nov 28, 2017
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Michael Williams's profile image
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Michael Williams
  • Rental Property Investor
  • from Sacramento, CA
  • Member since Nov 28, 2017
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Michael Williams
  • Rental Property Investor
  • Sacramento, CA
82
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202
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Private Lending & Conventional Mortgage Advice

203 K loan (Construction loan)

Michael Williams
  • Rental Property Investor
  • Sacramento, CA
Posted

How would I qualify for a 203 K loan (Construction loan)? How are they better than traditional loans? I’d prefer to use a construction loan if possible, we like to use a value add strategy when purchasing investment properties.

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Tom S.'s profile image
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Tom S.
  • Real Estate Investor
  • from Burlington, VT
  • Member since Feb 4, 2010
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Tom S.
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  • from Burlington, VT
  • Member since Feb 4, 2010
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Tom S.
  • Real Estate Investor
  • Burlington, VT
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Tom S.
  • Real Estate Investor
  • Burlington, VT
Replied

@Michael Williams  I believe those are for owner-occupied properties only, so can't be used for investment properties.

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