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Does A 203k loan have to be owner's primary residance? ---

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Does A 203k loan have to be owner's primary residance?

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January 23 - Chino

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Lew Corcoran, "Lew Corcoran"
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Lew Corcoran, "Lew Corcoran"

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Yes. FHA 203(k) loans are for owner-occupied primary residences only, and can be used on duplexes, triplexes and quadplexes (provided you live in one of the units) and on "mixed-use" properties (again, provided you live in one of the units). FHA 203(k) loans can not be used for 2nd homes or investment properties.

FNMA also has a rehab program called Homestyle Renovation Loans which can be used on primary residences, 2nd homes, and investment properties.

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January 24

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Question I AM F-1 STATUS NOW,AND I WANT TO BUY A NEW HOME THIS YEAR.CAN I GET THE TAX RETURN ?

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Question California offering tax credit

Question Earnest deposit in jeopardy

Question Fastest buyer vs highest bidder?

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