Who can actually close a 203k loan fast in Marin County?
There are lots of lenders who profess to be able to close a renovation loan quickly and then there are those who actually do close them quickly. But remember it isn't all on their shoulders, your client or the client must take an active role in getting their financial data to the lender promptly. The clock starts ticking once that info reaches the lender.
It is all about the team you put together when it comes to closing loans fast or faster than the competition. What is the average number of days that you close a renovation loan would be a fair question for your loan officer.
In Marin County and surrounding areas right now I have to put my vote in the box for Tom Huntley of HomeBridge Financial services. Tom is head and shoulders above anyone in this area in the FHA 203k loan guarantee program Tom can do loans all over the place but specializes in Marin County.
I've been doing business with Tom for several years now and found him to be extraordinary in his approach and report he has with his clients.
In Marin County you may say "my clients pay all cash" for their homes... that just isn't true. What we see is a home may be sold at $1,000,000 but why not put a loan in place for $625,500 and not tie up all your cash. We find that people with money quite often know the power of "OPM" or "Other People's Money".
From Bel Marin Keys to Woodacre Tom it clearly your choice for the FHA 203k.
Comments(0)