Yes. FHA 203(k) loans are ...

Sat, 24 Jan 2009 13:40:00 GMT

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.

Zillow Advice: Home Buying - Does A 203k loan have to be owner's primary residance? ---

Yes. FHA 203(k) loans are ...