Updated over 12 years ago on . Most recent reply
203k loans and the Houston area
Sorry for the newb question....
I have heard about this 203k loan that uses the same 3.5% DP as a FHA loan. I was just wondering if all of the other criteria is the same i.e. the credit score minimum. Also are there limitations on what repairs can be funded by this loan? Is it for any repair or just for needed repairs to bring a house back to "livable" conditions? Are there limitations to how much money can be borrowed for rehab?
As always any information is appreciated.
Any one in the Houston area that would be interested in meeting and bouncing ideas around please feel free to message me. I am working offshore currently so it may be a little while before I can set a date. Just a heads up.