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mixed use fha: Mixed Use Properties - FHA 203(k) Eligible (up to 4 units above a commercial space) - 12/15/11 05:02 PM
Mixed Use Properties financed using FHA's 203(k) Loans
What is Mixed Use?  Simply put, a mixed use property is any real estate that has a combination of both residential and commercial units.
Many people don’t realize that they can purchase a mixed use property using FHA's 203(k) Rehab Loan.  Many buyers think they will need a commercial loan with a large down payment to buy a mixed use property even if the majority of the income produced is from the residential section of the property.
OK.....Here is the MOST exciting Part: 

The commercial space is not counted as a unit in determining if the … (2 comments)

 
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Julie Chroust, NMLS# 249458, Direct Lender & Mortgage Banker

Walnut Creek, CA

More about me…

Julie Chroust, Prospect Mortgage, Walnut Creek, CA

Address: 1910 Olympic Blvd,, Suite 120, Walnut Creek, CA, 94596

Office Phone: (925) 516-5809

Cell Phone: (925) 381-1481

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