Updated over 6 years ago on . Most recent reply
Can I avoid FHA 2 unit limits (471k) by putting higher down?
Hi,
I am considering a 2 unit that is listed ~440 and requires about ~60k in rehab. Obviously, this puts me over the FHA limit. Is it possible to put together a larger down payment (say 15%) to enable a 203k fha loan to fall under the FHA limits and still enable the house to pass FHA (after rehab of course)?