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Guest
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 Posted: Sun Oct 04, 2009 11:10 am Post subject: FHA 203k |
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| Can the fha 203k rehab mortgage be used for a house that has slight mold damage. Haven't found a strait answer. |
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 sunnyca2009
Joined: 04 Aug 2009
Posts: 1735
35.94 Dollars($)
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| Posted: Sun Oct 04, 2009 11:49 am Post subject: |
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FHA 203(K) is used for purchasign a hosue and doign the necessary repair
Yes you cna borrow from 203K if you are plannign to do the repair on the house after you purchase (Ex; Remove mold) |
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Guest
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| Posted: Sun Oct 04, 2009 11:57 am Post subject: |
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| I understand how it works, just want to know if they frown on the mold. |
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sunnyca2009
Joined: 04 Aug 2009
Posts: 1735
35.94 Dollars($)
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| Posted: Sun Oct 04, 2009 12:06 pm Post subject: |
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| I think you cna always say that the additional money youa re norrwing is required to clean up the mold |
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Guest
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| Posted: Sun Oct 04, 2009 12:13 pm Post subject: |
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| correct the extra money would be used to the removal of the mold |
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sunnyca2009
Joined: 04 Aug 2009
Posts: 1735
35.94 Dollars($)
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| Posted: Sun Oct 04, 2009 2:50 pm Post subject: |
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| Then you should not have any issues |
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