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Christopher Wynn
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11
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Hard money loan to FHA

Christopher Wynn
Posted

Is it possible to refinance a Hard money loan into a FHA loan?

I'd love to hear anyones feedback on this or another strategy that does work. 

Thank you!

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Jay Hurst
  • Lender
  • Dallas, TX
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Jay Hurst
  • Lender
  • Dallas, TX
Replied
Quote from @Christopher Wynn:
Quote from @Jay Hurst:
Quote from @Christopher Wynn:

Is it possible to refinance a Hard money loan into a FHA loan?

I'd love to hear anyones feedback on this or another strategy that does work. 

Thank you!

 @Christopher Wynn FHA is only for owner occupied properties. is the plan to move into the property?

yes, in this situation they are wanting to buy a property that needs work, get it up to FHA standards then move in. 

 @Christopher Wynn true hard money is not going to be allowed for owner occupiers. The FHA 203k or Fannie Mae homestyle are the best rehab programs for owner occupiers.

  • Jay Hurst
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