FHA 203k Expert
Otherwise, you skip your first month while servicing for your new loan is setup (they can't accept your payment if they don't know you have a mortgage with them yet), just like any other loan.
Hello again! The answer is no. You can delay payments up to 6 months. If you would like to contact me for any specific information about 203k loans and your situation please feel free to contact me at the number below.
Senior Vice President
GSF Mortgage Corp
3933 75th Street
Aurora, IL 60504
You can actually get upto 6 months with no payments. They can be escrowed into the loan.
Please take a look at our web site to find out more information about the 203K...
You can contact me anytime if you have questions or would like to get pre-approved.
Senior Loan Originator
Ardain Mortgage Corp.