Mike's 203k Blog

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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.
Want to learn more about the 203k & renovation loans?Our new radio program starts next Sunday 7 January 2017 from 1-2 pm. Click on the link above to get more details and call in numbers, etc. Please join us if you can, call in or email us to get your specific questions answered on the air. Some o...
What happens when an FHA 203k loan goes sideways?We hear all kinds of stories and everyone wants to lay blame on someone else when these loans go side ways and go sideways some to.1) One our our associates in NJ called me and his client called him to say they were ready for a draw inspection, the...
Richmond CA, my home town is ripe for FHA 203k loansYep, I grew up in Richmond and San Pablo. It is always a special treat to do consultations in your home town, at least I've always felt that way.Over the years we've done hundreds of projects in my home town. I remember one we did on a home wher...
On FHA projects closing on or after 27 January 2017 relief is on its way. Looks like the new rate is .55% versus the old .85%. That means if you were paying $500 per month as an example your client now will pay only about $324, so they will have an additional $176 to use for the actual house paym...
Sure why not?My office is only 41 miles from Mill Valley, sounds like a reasonable request. Oh, but at 4 pm it is a 2.5 hour ride home. Traffic patterns can be a real deterrent when trying to plan a productive day. On a race day it may take even longer... will take even longer. Sonoma Raceway cha...
Received a message on my phone about a 203k loan draw inspection needed on Christmas Day in Modesto... no address, no name, just "this is the contractor on the job in Modesto, need an inspection at 3 pm today, I know it is Christmas Day but I really need the cash flow."I was mystified and was lau...
I have a rock foundation, will FHA guarantee the loan?If the foundation is still in tact and has not failed, it is very likely you can get FHA Guaranteed financing with the FHA 203b or the FHA 203k programs. Yes is the short answer.I had one of these years ago that we were appraising, the challen...
I hope you all have great things planned this weekend and Monday. Tomorrow, Saturday we will have fireworks over the lake in Graeagle, CA, Sunday is a parade to celebrate the 4th of July, and everyone relaxes at home on the 4th with their families. Happy 4th of JulyGraeagle is located about 45 mi...
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...
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...

Mike Young

FHA 203k Consultant 916-758-1807
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