I won an uninsured multifamily HUD bid at NJ. I would be living in this house. As you know all the HUD properties are winterized and the utilities are disconnected. The repairs are less than $30000, which I have enough cash for. I want to make sure I get the lowest APR + monthly Fee. 203k loan, offers 4.5% which I considered to be high plus they have a lot of fees and paper work. Can I get a regular mortgage on this property? If so, would this option give me the lowest APR + monthly Fee, or there are better options? I can pay for the whole house in cash, but I definitely need to get a loan not more than 2-3 months after that. If I go this route, and I get a mortgage (1st lean) against this house, would this option give me the lowest APR + monthly Fee, or there are better options?