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What if the home is not habitable during renovation?

April 26, 2017habitable Home renovation

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What if the home is not habitable during renovation?

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The Standard 203k loan does allow for up to six mortgage payments to be included in the renovation funds to cover the period when the home is uninhabitable during renovation. A Streamline 203k, however, cannot be used if the home will not be habitable at any time during the renovation.