Your name saw this post on The ActiveRain Real Estate Network and thought it might be of interest to you. Please see the link below to review the post.

Common Misconceptions of FHA 203k Rehab Mortgages
There’s some really big misconceptions regarding the FHA 203k mortgage, we’re going to talk about a few here. The first one is that the FHA 203k rehab mortgage is hard. It’s not! This isn’t rocket science guys, it’s really not that hard. The truth is the program really comes down to the people that are involved and the people that you have working with you on the project. If you have a lender who doesn't know what they are doing, if you have a consultant who’s only done a few consultant reports in the last 10 years, if you’ve got a contractor who’s never done one and you have a Realtor who’s never done one- guess what, you’re going to have a problem- big surprise! Here's the deal though, by selecting a lender with experience (someone like myself), who actually plays what we call the FHA 203k quarterback. You can reference my old blog about that. You will see that the program can be done quickly, easily and efficiently. Basically what this person does (as in myself), we coordinate the entire transaction:  1- we coordinate the buyer- we make sure that they are pre-approved 2- we coordinate the consultant to make ... more

__________________________________________________
Are you on The Rain? Grow Your Network!