 jameshogg
Joined: 20 Dec 2005
Posts: 4291
Location: nevada
509.34 Dollars($)
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 Posted: Mon Mar 09, 2009 8:51 pm Post subject: |
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Hi bret,
FHA kiddie Condo loan and FHA 203k loan are two different loans. FHA Kiddie Condo loan is a loan which allows the young adults to buy their first home. This loan allows a person to co-borrow with a blood relative. On the other hand, FHA 203k loan is a home improvement loan. It is a primary program for the rehabilitation and repair of single family properties. So, are you planning to take a home improvement loan? But, as far as I know, you will not be able to get a FHA 203k loan if you have already taken a FHA kiddie condo loan. However, I would suggest you to speak to your current FHA lender and clarify the issue.
Thanks |
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