203k construction costs: Is your 203K work in PA overbudget? - 07/21/11 08:24 AM
 
Is your 203K work in PA overbudget? You've been approved for an FHA 203K loan and it looks like the construction costs from your contractor are going up quickly.  The 203k work is coming out higher than originally anticipated and you are going overbudget!  As a 203k Consultant in PA, I have seen this happen for a few reasons.  One reason could be that you decided instead of linoleum floors in the kitchen, you'd like your contractor to put in some nice marble tiles and perhaps upgrade the appliances.  The other situation I have come across is the contractor starts … (12 comments)