Asked by Shawnett Jones, 23513 • Fri Mar 21, 2008
a duplex(sorta). It's listed as single family and the staircase is outside for the second and third floor. First, is converting back to single family an extremely expensive undertaking since we would have reinstall two staircases.(three story). Second, we already got an fha loan approved for purchase but are now thinking of getting 203k rehabilitation fha loan instead. Can the lender change this fairly easily? what is the process? Do I just call and say I want this type instead? Are there more application fees involved. I read the gov hud fha sites policies etc.. but couldn't make sense of it all. Layman's terms please?
There are also two kitchens that we would get rid of one(bathroom conversion) and whole house needs minor cosmetic work. Everything can wait but the stairs and updating hvac. Can these two be done for under $35,000?
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