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

2013 

Hey, Dustan it is good to see your posts as they are always filled with content. We always get calls about "what is mandatory" we only want to do the minimum and then we'll fix it up after we live there. Thanks for this post and the reason I re blogged it. MAs part of my education and marketing c...
06/30/2013
FHA 203k renovation lender San Jose I have seen some hot lenders in the past seventeen years as a 203k consultant in San Jose but I must tell you that Don Jr. with Prospect mortgage is one of the most energetic loan officers and extremely knowledgeable in the FHA 203k and the FannieMae HomeStyle ...
06/28/2013
How do I make the payments on my FHA 203k loan while paying rent? It would be very difficult for most people to make two mortgage payments or a mortgage payment and a rent payment. Typically one of these payments is enough for most buyers. Many times the construction though the cost is included i...
06/28/2013
FHA 203k loan - my contingency isn't enough, what are my options My consultant wanted me to use a 20% contingency but my loan was too high already and that would kill it for me. It would just make my payment too high for my comfort level.  When a home is 75 years old and older we like to see 20% ...
06/27/2013
What is the difference in a razed foundation and a raised foundation? Razed means removed versus raised or elevated or possibly to have the weight taken off the foundation so we can remove the old foundation and replace it with a new perimeter foundation. The other day an underwriter was reading ...
06/26/2013
203k consulting software and training nationally I was just reading another blog on linkedin and someone was asking if consultants had created their own spread sheet for completing the draws on their 203k projects. I have to laugh when I see things like this. Are they really serious?  If you are ...
06/23/2013
Where do I get help with my 203k problem contractor? As smooth as most 203k projects go I hate to write this post. There is about one in a hundred that become what we refer to as "the 203k from hell" because no one seem to get along.  We had one years ago that three days before the project was to...
06/23/2013
Is the 203k always the best choice for a renovation loan? No, actually it isn't ALWAYS the best loan for the client. We are all about the client. As a 203k or more over a renovation consultant the 203k isn't always the best choice.  What other choice is there? The FannieMae HomeStyle®Renovation M...
06/21/2013
FHA 203k loans are alive and well in Contra Costa County Antioch Lafayette Pleasant Hill Brentwood Martinez Richmond Clayton Moraga San Pablo Concord Oakley San Ramon Danville Orinda Walnut Creek El Cerrito Pinole   Hercules Pittsburg Here are the cities of Contra Costa County official web sites....
06/20/2013
FHA 203 renovation loans for non profit organizations in Berkeley The non profits now have a lender who will work with them... look at some of these benefits A non profit can purchase multiple properties up to ten at a time. Wow, Can you imagine selling ten homes to a willing buyer at one time? I...
06/20/2013
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Mike Young

FHA 203k Consultant 916-758-1809
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