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Updated over 10 years ago on . Most recent reply

Frank S.'s profile image
Frank S.'s profile image
Frank S.
  • Specialist
  • from Tulsa, OK
  • Member since Aug 10, 2014
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Frank S.'s profile image
Frank S.'s profile image
Frank S.
  • Specialist
  • from Tulsa, OK
  • Member since Aug 10, 2014
Connect
Frank S.
  • Specialist
  • Tulsa, OK
11
Votes |
25
Posts
Rehabbing & House Flipping

Can you get seller concessions on an FHA 203K loan?

Frank S.
  • Specialist
  • Tulsa, OK
Posted

Can you get seller concessions on an FHA 203K loan?

It is a fannie mae property and I need to put down 13.5% because I am using a grant. The home is $65k + $5k in rehab, it doesnt need that much work.

The problem is that I only have about $13k of the needed 17k, can you also get seller concessions? Seems strange to get seller concessions when you are already getting 5k for the rehab. Any help would be appreciated

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