FHA 203k Loan or the 203k Streamline Rehab Loan
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Uploader Comments (kblaudow)
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But, wouldn't the monthly bill be way too high. For example, let us say I make $90,000 a year. But my net pay is under $3000 per month. The house cost is $130k and the renovation comes up $ 110. That brings to me a loan of $ 240k. My note could be around $1978. That would be more than 35% ratio of my income. I hope they don't based it on what I gross? Do they?
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Dude, You copied most of my presentation. At least you could have given me a credit. NO worries though, I've been working on two better ones, that I'm sure you wil love to see
to see the orinal K presentations just type "lendinghope" in YOUTUBE
good luck to you Ken,
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do you qualify if you aleady own your own home and want to use the 203k to finance a rental investment property.And I may possibly want to refinance my house and turn my detached garage into an apartment with the rehab money Is that possible?
ward185 2 years ago
The 203K has to be owner occupied. You could rehab the home you live in currently. Call me for more info 317-570-6300 #208
kblaudow 2 years ago