+1 vote
asked Feb 10, 2018 in FHA Loans by Nancy

1 Answer

0 votes
One of the greatest benefits of FHA 203K LOANS is the abilityof buying fixer uppers or foreclosures. Home Buyers can purchase non-habitable properties without Certificate of Occupancy with FHA 203k Rehab Loans. You cannot install a brand new inground swimming pool with a FHA 203k Loan. However, if the property already has an inground pool in need of repairs, HUD allows you to do the proper repairs.

Gustan Cho NMLS 873293
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Gustan Cho Associates
The Gustan Cho Team at USA MORTGAGE
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answered Feb 10, 2018 by GustanCho (106,540 points)

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