FHA 203k Contractors: Who to Use?

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Mortgage and Lending with AnnieMac Home Mortgage NMLS #38670

203k Contractor with borrowers

 

Just the other week I wrote a blog, “Myths about the FHA 203k.” Since then another misconception has come to mind regarding 203k contractors. Many people want to know whom they have to use and if they need to have a special certification to work on FHA 203k projects.

 

The answer is NO. Neither HUD nor the Federal Housing Administration (FHA) require any kind of special certification or training in order to be eligible to work on a 203k project.

 

As a lender we do not recommend contractors as it is the job of the buyer or home owner to select the contractor, however, we can provide a list of contractors who we have successfully done 203k projects in the past. I advise that you interview them over the phone and/or in person to decide if one of these is who you would like to work with. 

 

Check out: 3 Things to Consider When Choosing an FHA 203k Contractor

 

There is also a 203k training program for contractors at 203kcontractor.com. Here contractors get an education on the process and are vetted to make sure they meet the qualifications of a contractor who would be successful and for that reason we do believe and tell homeowners that searching in this database is a good idea as a starting point but we reiterate that selecting the contractor is the sole responsibility of the homeowner or buyer. 

 

     203kcontractors.com

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Topic:
Home Improvement
Groups:
The FHA Mortgage Group
FHA 203-k and FHA 203-k Streamline Loan Group
Tags:
renovation
203k contractors
reputable contractors
certified 203k contractors
fha 203k contractors

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Rainer
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Chandler Real Estate Liz Harris, MBA
Liz Harris Realty - Chandler, AZ
#ChandlerRealEstateAgent

A great post to go into the weekend with.  Have a great saturday , sunday and the rest of your friday!

Jun 06, 2014 10:17 AM #1
Rainer
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Jeff Onofrio
AnnieMac Home Mortgage - Mount Laurel Township, NJ
FHA 203k Lender and Homestyle Reno Specialist

Thank you Liz!  Hope you had a great weekend! 

Jun 08, 2014 11:18 PM #2
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Rainer
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Jeff Onofrio

FHA 203k Lender and Homestyle Reno Specialist
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