cathedral city: FHA 203k draw inspection process - how does the contractor get paid?
- 07/12/13 12:32 AM
FHA 203k draw inspection process - how does the contractor get paid? The first draw is very important to the FHA 203k contractor as they typically get money up front to start a project and with the Standard 203k loan program being a "reimbursement" program the contractor has to use their own good credit and buying ability to get materials and get them installed so they can get that crucial first draw. The contractor wants to see some "skin in the game". Permit and Architectural fees are called "soft costs" by most of the lenders and dont' require a draw inspection … (4 comments)
Lets see, do you want to keep this hood and range while renovating this home? I wouldn't. We replace appliances all the time with the FHA 203k loan program.
The stove to the right has the ability to burn firewood to cook your food. Note there is no range hood at this home but it does have high ceilings so the room will get a whole bunch of smoke in it before you … (0 comments)
cathedral city: 203k consultant in Idyllwild CA to cover Riverside County
- 05/05/13 09:44 AM
FHA 203k consultant in Idyllwild CA to cover Riverside County 203k - What is it? this is the hottest loan program in the USA that can be a purchase or a refinance and include all the money to renovate the home all in one, 30-year fixed interest loan. If you sold a fixer to someone within the past year or two call them, you want ot stay in touch with them anyhow. Let them know if they haven't done the repairs that the FHA 203k loan program may be just what they need. If it is a refinance it is very … (2 comments)
FHA 203k draw inspection process - how does the contractor get paid? The first draw is very important to the FHA 203k contractor as they typically get money up front to start a project and with the Standard 203k loan program being a "reimbursement" program the contractor has to use their own good credit and buying ability to get materials and get them installed so they can get that crucial first draw. The contractor wants to see some "skin in the game".
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