Mike's 203k Blog

Follow me
By
Home Inspector - 203kOnLine.com, covering California & most other states - S0289
203k loans, the hottest renovation loan product on the market. Offering quick closings on homes that require repairs.
RECENT BLOG POSTS
Construction & Demolition waste management FEE Concord, CAThe Building Department of Concord, CA requires a refundable C&D waste management deposit of $2,400. on a project we are doing there which requires 50% of construction or demolition materials have to be kept out of the landfill. Isn't that...
06/29/2016
What is the difference to they layman?About 20 out of 100 RE agents and brokers actually know about the FHA 203k loan and what they actually know you could fill a thimble in most cases. There are a handful that actually take advantage of the program and NO ONE takes advantage of the entire progra...
06/28/2016
203k consultants are not the same. Like any other business you have those who meet the minimum standard and in this business unlike more many don't even meet the minimum standard.Your 203k consultant should be providing his own independent bid for your project. Many don't, instead they will wait ...
06/27/2016
Renovation loans and San Jose, CA just seem to go together wellOur business in the San Jose, CA area has exploded. San Jose is experiencing gentrification in a big way apparently. The FHA 203k and the FNMA's version called HomeStyle® Renovation Mortgage as well as new construction are happening i...
06/24/2016
Renovation loans are great but not all contractors are doing their jobDid you ever have a contractor on a 203k project that really impressed you? Everything about them was great. Well funded, great demeanor, just all around a great company to have on your projects. Then something changes, one aft...
06/12/2016
The guideline allows a consultant to charge what is common and typical for that service area.There seems to be some confusion on this issue as when the "new guideline" and that is all it is, a guideline, came out it hadn't fully addressed our draw inspection fees. There are several other issues t...
06/10/2016
Freddie Mac and Fannie Mae, we were fooled again.The bailout was just a bunch of crap. It was never intended to go back to the shareholders, It was and is just another power grab for government control.  Read the entire article Can you believe this... of course you can, with the current administr...
05/21/2016
Had a good time at the Plaza Home Mortgage Event for their brokers. We were on hand to provide support for our clients and to answer "Consultant Questions". Ragen Cunningham, their national renovation specialist, was there to make the presentation. These type events are very good to get the whole...
05/21/2016
203k and HomeStyle Renovation Mortgages are alive and well in QuincyJust drove through Quincy and saw no less than a hundred potential fixers. Looks like a goldmine to me. To all of you Realtors in the area, if you have a favorite home inspector or contractor please share their names with us and ...
05/14/2016
Right from the "new" guidelineThe Mortgagee (lender)  must obtain a written agreement between the Consultant and the Borrower that fully explains the services to be performed and the fees to be charged for each service. The written agreement must disclose to the Borrower that any  inspection perf...
02/21/2016
Rainmaker
526,519

Mike Young

FHA 203k Consultant 707-812-7668
Want to close your 203k loans faster?
*
*
*
*
Spam prevention

Additional Information