FHA 203 K Question ?

3 Replies

If I do FHA 203 (K) under $30,000 repair cost. Can I live in the property while doing these cosmetic repairs ? If I CAN'T, do I still pay mortgage and other expenses for the time they are rehabbing the house? & what are those cost typically?

@Pedro Echevarria Hi Pedro, I'm in your same boat. I don't know the answer to that question as I am not far enough along in my property search to have called around, but I do know you can search for HUD consultants in the area you're trying to buy and contact them. They might know. Hope it helps.

Create Lasting Wealth Through Real Estate

Join the millions of people achieving financial freedom through the power of real estate investing

Start here