What Repairs Can I NOT Do With a FHA 203k Loan?
FHA 203k program is flexible and allows a lot of leeway when it comes to the property you can buy and the repairs, renovations and upgrades you can complete as part of the loan.
You can finance everything from second story additions, to finished basements, new kitchens or that large master suite you always wanted.
There are, however, some repairs that you can not do as part of the 203k process. So, what are the improvements you absolutely can’t do with a 203k?
Outbuildings | Guesthouses | Non-Attached Structures
The property you want to purchase has a second structure; a rental cottage, pool house, guest house, detached converted garage, workshop or superlative storage shed. That structure is not in good condition and needs some work.