Mr. Petrowsky, Your name was given to me by one of my co-workers. I was recently denied for mortgage to complete some renovations to my home. Just some general information. My current first mortgage is about $160,000 and have a second mortgage of $35,000 and have about $30,000 in credit card debt. The bid I have for the renovations is $50,000. I was attempting to do an FHA 203K loan for $275,000, but even though my income is sufficient, I was denied and truly was not given a good reason.
Unfortunately, the loan officer should have known that you … (2 comments)
“FHA Renovation Loans have Rules”
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