FHA 203k Mortgage Basics - AnnieMac Renovation Lending

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Uploaded by on Jul 20, 2011

FHA 203k mortgage basics- the FHA 203k mortgage program is for primary residences only and you can use it with 1-4 unit properties. AnnieMac Renovation Lending focuses on these programs.

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  • Because having one of the units being used as a primary residence qualifies the loan as the borrowers primary. Its a great option for customers who live in areas that have multi family housing available and it allows them to have others basically pay there mortgage. I hope this helps! Jeff Onofrio

  • i dont understand how you can use this program with up to 4 units if it has to be single owner

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