Let's highlight an FHA 203k lender in Walnut Creek
We have a 203k lender in Walnut Creek that is one of the top 5 FHA 203k lenders in the USA for WFHL renovation loans. I'd like to say I'm proud to be on his team and have him on mine. Ed Rogers and I have a unique distinction of closing every single 203k loan we have started together minus only one where it wasn't our fault but the borrower backed out of the deal at the last minute. Not to many lender / consultants can say that.
Ed has a system and underwriting team in place that gets these loans closed very quickly though he must tell you it will take 45 days per his company's rule and he would like to beat your expectation rather than tell you 28 days, take 30 and have you mad at him.
FHA 203k Lender in Lafayette
This next few photos are the before, during and after.
This was an example of a borrower wanting to do his own demolition to get ready for the impending construction.
Not a good idea, he got some help from the Home Depot parking lot and didn't speak the language. When he said tear off the drywall and the stucco, they heard "tear off everything between the drywall and the stucco.
It was quite a shock when he came back to the house and saw this...
If you insist on doing your own work YOU must supervise it, and if you don't you might have a similar result.
This project was not supposed to be this extensive and quiet a shock to all of us. They called to tell me the "demo was done, could we get a draw inspection please?"
I actually thought it wouldn't ever get put back together but it did...
The secret of closing FHA 203k loans is using top teammates
Ed Rogers is one of a handful of local lenders who can close these loans quickly but you must know that the clock doesn't start ticking until the financials are turned in to the lender. This is always the case and the top Realtor's always have the borrower, or home buyer gather those financial records ready and submitted to the lender many times prior to finding a home and for the pre-qual.
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