An FHA 203k loan can be used by two kinds of borrowers:
There are a few exceptions and allowances to these two general categories of borrower. If your circumstances don't quite fit the categories above and you have a question about exceptions that you may qualify for, give us a call and we can help answer your questions.
Almost any repair can be done, but it depends on which type of 203k loan you get:
Streamline 203k (Must be under $35,000)
Full/Standard 203k (over $35,000)
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