Posted by Phillip Le on February 23, 1999 at 15:11:14:
I used the 203K to fund the purchase and rehab of my current residence.
FHA has a web page with lists of local 203K approved lenders. I don’t know the address offhand, but I’m sure you can find it.
Paperwork is somewhat tedious, but I was able to buy a house for 66K + 45K in fixup using only about 7K in cash. Alot an extra month for paperwork vs. a “conventional” loan. Make sure that the lender does many of these, not just 1-2 per year. My deal was not no-money-down, but it was good enough for me (no previous real estate experience).