Yes. With a 203K Streamline Loan, the unit must be owner-occupied. Not Eligible for Full FHA/HUD 203K Loan. Owner/occupant and qualified non-profit borrowers only; no investors; Rehabilitation is limited only to the interior of the unit. Mortgage proceeds are not to be used for the rehabilitation of exteriors or other areas which are the responsibility of the condominium association, except for the installation of firewalls in the attic for the unit. For individual units in condominium projects that have been approved by FHA. Charles H Gaulden WWW.NorthFloridaShortSales.com
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