Yet another way to use the 203k loan. A home buyer can purchase and remodel up to a four unit building as long as it is to be owner occupied. Again no investors allowed. The FHA 203k maximum loan limits on units is higher than for a single family unit, you just have to check your individual county for those limits. The 203k maximum loan amounts are different for 2 units, 3 units and 4 units. Feel free to call me for the me for these limits. You can even take a 6 unit building and make it a 4 unit building as well or take a 2 unit and make it a 4 unit. Talk about a flexible loan which can help supplement your income, the 203k loan is an awesome tool that helps revitalize neighborhoods as well as providing options to a home buyer that aren’t available on any other loan. Best KW
