Mike's 203k Blog

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Home Inspector - 203kOnLine.com, covering the USA - S0289
203k loans, the hottest renovation loan product on the market. Offering quick closings on homes that require repairs.

ARCHIVED BLOG POSTS

2012 

This weekend were in Palo Alto California at the CREIA, California Real Estate Inspection Association conference. we been meeting with old friends and making new friends. This is Brad Carter manning our Booth at the conference with me of course. Brad has been doing 203k inspections for about six ...
09/22/2012
The FHA 203k is a loan product that provides funds to purchase and to renovate a property all in one low interest loan with a fixed rate for 30 years.  In San Diego the 203k  was pretty much non existent for many years due to the cost of homes in the area versus the maximum loan amount for FHA in...
09/20/2012
San Diego is one of my favorite places. Typically people are installing pools right and left. The FHA 203 loan can be used to repair existing pool up to $1500 but if the work to repair the pool is in excess of $1500 the borrower will have to come up with a difference. Now and again the pool is da...
09/20/2012
How do I get up front money for my 203k project? Learn how you can get some up front money for your FHA 203k project even though it is a "reimbursement program" and there is no up front money typically.  Like anything else everybody wants to work off of other people's money. Contractors are no di...
09/20/2012
Can the FHA 203k be used for access for the handicapped? Learn how to get handicapped access ramps and construction included in your mortgage. The 203K absolutely can be used for creating handicap access. That is ramps, wider doors, wider showers, all can be added to your 203K work. if you're sel...
09/15/2012
When do I need to call at 203K consultant? The 203K is an interesting product while it provides money to purchase or refinance and renovated property it doesn't know whether you have a streamlined or a full 203K. There are many lenders that only do the streamlined 203K most of them use 203K consu...
09/15/2012
  This is a duplex or is it. There are two meters, two distint living area, separate entrances, gee, it smells like a duplex, looks like a duplex, has all the attributes of a duplex.  Isn't it interesting that the city of Oakland thinks it needs a new permit to keep it a duplex even though a cou...
09/12/2012
San Jose like any other city in the USA has this understated loan program going on called the FHA 203k loan guarantee program where you get the money to purchase or refinance your home and money to fix up all in one low interest loan. The loan program has been around since 1961 but most people wo...
09/12/2012
This home is located in a nice neighborhood in Sacramento and was totally overgrown in vegetation when we arrived. The rear yard looked like a jungle.      The Kitchen, while functional was dated as you can see. I thought the borrower did a wonderful job in picking out the new amenities.        ...
09/12/2012
Americans have traditionally be pretty wasteful as a group when it comes to water conservation. As an appraiser for years I would walk into some homes where the occupants were way ahead of the curve and nearly always find a five gallon bucket in the shower. This was to catch water while warming i...
09/11/2012
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Mike Young

FHA 203k Consultant 916-758-1809
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