203k loans, the hottest renovation loan product on the market. Offering quick closings on homes that require repairs.
ARCHIVED BLOG POSTS
Two contractors on the same 203k project Recently had a call from a consultant regarding the following scenario... The borrower wanted to do self help and manage two contractors on the project. ON the surface it seemed doable. The the lender said "we don't do self help". How can we still get the ...
Have you ever found out about a good thing just after you bought something else? It happens more than you might think. Lenders who do the 203k loan might do well to contact people who recently purchased their new home and see if it needs work. If you refinance a recent purchase within six months ...
There seems to be a lot of discussion about the contractor not requiring a license for a 203k loan. Any time you have a contractor on the job it is my opinion and many lenders agree that they should be licensed. If your project requires permits and your contractor isn't licensed the home owner mu...