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Rehabbing & House Flipping

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Frank S.
  • Specialist
  • Tulsa, OK
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Can you get seller concessions on an FHA 203K loan?

Frank S.
  • Specialist
  • Tulsa, OK
Posted Dec 23 2014, 14:34

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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