Eligible Does Mean 203k What – unitedcuonline.com – FHA 203(k) loans can also be used to purchase HUD-owned foreclosures that have been designated by HUD as eligible for the 203(k). If an eligible HUD foreclosure has been purchased through other means, a 203(k) loan can be made up to six months after the close, and. The 203 (k) loan is different from most other mortgages.
Refer Eligible Per Automated Underwriting System. – With a refer eligible per automated underwriting system we can do it with manually underwritting with VA and FHA Loans.VOR and one months reserves required