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Can we use FHA 203k loan to put a roof on?

The roof on the house we are looking to buy might not pass appraisal from FHA. The seller will not place on a roof. In order to get the loan, can we take out the FHA 203k loan and place the money in escrow to then fix the roof? THe roof doesn't leak but a few shingles are curling…I hope it passes.

Thanks

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This entry was posted on Sunday, June 7th, 2009 at 1:45 am and is filed under FHA 203k. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.
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One Response to “Can we use FHA 203k loan to put a roof on?”

  1. Noneya says:
    June 7, 2009 at 1:45 am

    Yes this is 1 option

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Tags: escrow,  fha 203k loan,  money,  shingles, 

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