I have never owned a home but will hopefully own one soon.
Regardless, my plan is to live in it for 2 years and sell. Is it possible to take advantage of the FHA 203b loan and buy REO, short sale, wholesale, etc. I understand that getting an REO etc is just negotiating a price, but does the FHA 203b program have stipulations on who you can buy from or what you can spend?
I mean 3% down and 97% financed sounds like a good deal, especially if you can buy at wholesale. I don’t want to blow an opportunity to use this one-time offer if it is actually a good deal. Thanks.