FHA 203K LOAN Requirements 2023 *Full Breakdown*

Fha 203& loan requirements 2023

//MG The Mortgage Guy Official TikTok:

Thanks for watching!!

[Hannahbenowitz]

I’ve been diligently working, saving and contributing towards financial freedom and paying off my high interest mortgage, but the economy so far since the pandemic has eaten away most of my portfolio, what I want to know is this: Do I keep contributing to my portfolio in these unstable markets or do I look into alternative sectors.

[jwalk]

Man this was so impactful buying a 4plex offmarket no buyers agent with fha 203k just linked up everybody Lender, Hud Consultant and my 2 General contractors my due diligence ends feb17th and closing is March31st 🙏

[NurseMJB]

This video may have just solidified my decision as a first time homebuyer to do a 203K Loan. We have very limited amount of multifamilies in my area but a wealth of fixer uppers. Thank you for breaking this down very simple and easy to digest

[tlo]

Finally, someone who can explain this in english! Thank you!!

[cassandrabaker]

What a wealth of information presented. I have recently started my search for a home that can meet the needs of my disabled son who requires 24/7 care. All of the homes that I have seen thus far will require significant modifications, extending doorways, removing walls and modifying a standard bathroom into an open shower. After watching this video, I have come to the realization that I would be better off purchasing a multi-family property in need of rehab and utilize the FHA 203K Standard Loan to have all the necessary environmental modifications to provide for his lifelong needs.
Thanks MG, for sharing.

[AsheaEntre]

This is great education. I wish I knew this man last year before I walked away from my property. I’m here now. Much appreciated.

[stevenroshni]

Lot's of gems here. Didn't know about the mixed use buildings.

[MrSyncere]

Beautifully executed!!As a realtor, here in the metro Detroit area. This loan can go really far! There’s a lot of multifamily and mix use properties, in the city of Detroit and surrounding areas. your video will definitely be the primary video that I send to my clients entertaining this option. Although you’re not license here in Michigan. Hopefully soon, I do have clients in the Florida and Texas region, that I will personally suggest you as their lender.

[akesetaboo]

Thank you for breaking this down and not using jargon words. Thank you. You make more sense than my real estate professors thank you❤

[layparisss]

I think you may ne the first person on YouTube that SIMPLY explained this with CLEAR information slides to easily screenshot. Thank you !!!!
These other YouTubers too busy trying to be cute and seen and leave out information 🤍

[tyronesturdivant]

Great information for FHA 203(k) Loans

[tammysanders]

Thank you Mg for all your videos I been learning and building my confidence. I know I want to use a fha loan. But there’s been a set back with my credit. Know I’m now trying to rebuild ..not giving up I want this generational wealth

[michaeldavigz]

Very useful information. One thing I can add is the Bank will scrutinize whatever contractor you are trying to use. They will even ask for contractors bank statements. A lot of contractors wont get involved in these type of loans because they essentially have to get financially scrutinized and approved by the bank. They also need a lot of money in their bank account.

[georgestone]

For me, meeting the right partner has simplified my life even more. It’s such a blessing that my wife and I aren’t just married, but we’re also each other’s best strategic partner in business. I’m great at what she lacks, she’s great at what I lack and we have an Adviser to work with. Praise God!! And thank you for the awesome content!

[jwalk]

Thankyou for being real bought my triplex VA loan last year currently under contract on a 4 plex under a fha 203k standard no buyers agent 90 day close its hard and the fha self sufficiency test is hard to beat without finding a ugly duckling.

[valoruniversity]

Im just now learning about 203K home loans. OMG this is what I been looking for. Thanks for breaking this down. Its like a tutorial

[LaniLani]

Excellent video. I don't think my situation would ever make me eligible for this type of loan but I still listened in its entirety because it was good information and well presented.

[MobileHomeGeek]

MG...my wife and I looking to do A FHA 203k loan..man..your video is on point!!

[charmainefrancis]

This video was very informative. I will share it with my grown children. So they don't make the same mistake there father and I did.

[lynellhorry]

Thanks for this! I learned SO much in 45 minutes that I’ve been researching for months!!