203b vs 203k FHA financing

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TheoPetro

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Nov 30, 2004
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anyone know the real world pros/cons of these 2 types of mortgages?

We plan on getting a house for $90k and putting about $15k into it over 3 years to fix it up and sell it. $15k would be the MAX we put into it (we actually plan on putting $13k into it but $15k would be the max) so I dont really care about the rebates moving from 15k to 35k. I dont want a shit ton of red tape and hoops to jump through either. I read the FAQ for them but it didnt really help me.
 
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