203k loan walnut creek: Self Help under the FHA 203k loan guarantee program - 07/28/14 10:54 AM
Self Help under the FHA 203k loan guarantee program
Yes, there is a provision for "self help" under the FHA 203k program but they aren't carte blanc. Some lenders allow self help ONLY if the borrower is a licensed contractor in the state where the project is located. Many lenders DO NOT ALLOW SELF HELP at all, under any circumstances.

To make a long story short, it isn't advisable to use the self help provision of the program as most lenders that might allow you to do self help will make the accounting so difficult that it just doesn't make sense. … (0 comments)

203k loan walnut creek: 203k loans Walnut Creek - 07/28/12 02:15 AM
How do you find an FHA 203k lender in Walnut Creek?
That is a tough one because there are several in that area that can actually close these loans. It might be better to ask who should I stay away from?
In any case if you are doing your 1st or 100th 203k loan you should use someone you trust, a lender with a proven track record of closing 203k loans and be careful to ask a few good questions - 
Bank of America for instance can't do a 203k refinance unless the client is already one of their customers. We … (2 comments)

203k loan walnut creek: What can an FHA 203k loan do for you in Walnut Creek? - 07/14/12 07:12 AM
Take a look at the obvious...

This actually had the look of an old converted double wide trailer don't you agree?
It is now under construction and is shaping up to be a nice rancher. The home is going to look fantastic when complete and anyone would be proud to live here. 

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203k loan walnut creek: Foundation Repairs Walnut Creek CA - 10/19/10 05:44 AM
Foundations are always a problem in the expansive soils. Here are some examples that in most cases wouldn't have ever gone bad if we had merely kept the water away from the structure as it was originally graded.
1) I was doing an FHA 203k inspection with a contractor who was training to become a 203k consultant. He was a structural contractor, specializing in structural repairs on homes for over thirty years. I saw a teaching opportunity in the dining room area where we had settlement cracks that went from near the floor to the upper exterior corner of the front … (0 comments)

203k loan walnut creek: 203k Basics Seminar coming to Concord CA - 10/15/10 04:51 AM
October 26th at Prospect Mortgage in Concord CA Brian Reeg, the manager will be hosting an "open to the public" 203k seminar  where you will learn the basics of the 203k but more importantly if you are a Realtor or Agent and bring with you a borrower, investor or a property in the Greater Concord area that is a fixer we will actually make every attempt at having you walk out of that meeting with a signed sales contract.  While these seminars are FREE to the public the space is limited so please get your ticket from one of our sponsors.
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Mike Young, FHA 203k Consultant 916-758-1809 (203kOnLine.com, covering the USA) Rainmaker large

Mike Young

FHA 203k Consultant 916-758-1809

Las Vegas, NV

More about me…

203kOnLine.com, covering the USA

Address: Wherever you need us to be, Fairfield, CA office, Fairfield, CA, 94534

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