Comments on: Repair Your Phoenix Home With The FHA 203k Loan http://dkhomeloans.com/phoenix-home-mortgage/the-fha-203k-loan-the-perfect-solution-to-repair-your-new-phoenix-home/ Your Phoenix, Arizona Mortgage Resource Thu, 22 Dec 2011 20:18:01 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: David Krushinsky http://dkhomeloans.com/phoenix-home-mortgage/the-fha-203k-loan-the-perfect-solution-to-repair-your-new-phoenix-home/comment-page-1/#comment-53 David Krushinsky Thu, 18 Feb 2010 23:09:37 +0000 http://dkhomeloans.com/phoenix-home-mortgage/?p=41#comment-53 Hi Paul! I’m not sure exactly what you are considering “mixed use”, but from a FHA stand point the following would be ineligible for 203k financing: Ineligible Properties: - Manufactured Housing - Homes that have never been completed - Homes that have been completely demolished, including the foundation - Commercial enterprises - Boarding houses, hotels, motels, and tourist homes - Private clubs - Fraternity and sorority houses - Cooperatives We usually see “mixed use” as it relates to a borrower running a small business from the home such as a day care, small beauty shop, etc. Hi Paul! I’m not sure exactly what you are considering “mixed use”, but from a FHA stand point the following would be ineligible for 203k financing:

Ineligible Properties:
- Manufactured Housing
- Homes that have never been completed
- Homes that have been completely demolished, including the foundation
- Commercial enterprises
- Boarding houses, hotels, motels, and tourist homes
- Private clubs
- Fraternity and sorority houses
- Cooperatives

We usually see “mixed use” as it relates to a borrower running a small business from the home such as a day care, small beauty shop, etc.

]]> By: Paul Carson http://dkhomeloans.com/phoenix-home-mortgage/the-fha-203k-loan-the-perfect-solution-to-repair-your-new-phoenix-home/comment-page-1/#comment-50 Paul Carson Mon, 15 Feb 2010 18:25:54 +0000 http://dkhomeloans.com/phoenix-home-mortgage/?p=41#comment-50 Hey Dave, Great post about the FHA 203K loan. I was wondering if you know whether a mixed use property be eligible? Thanks! Paul Hey Dave,

Great post about the FHA 203K loan. I was wondering if you know whether a mixed use property be eligible?

Thanks!
Paul

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