203k lenders

By
Home Inspector with 203kOnLine.com, covering the USA S0289

I have had lots of calls regarding 203k wholesaler lenders since M&T pulled in their horns to their own footprint. I have several posted on my website but just added a new one that will be looking for your business soon as they ramp it up a bit. They only work with the 203k and only with brokers. Sounds like just what the doctor ordered.

update - 7-10-2014 - I've pulled all Wholesale lenders off my website... just kidding. Several have removed themselves by providing poor service to the industry. I'd rather just tell  you via a private email if you need that kind of help. Sorry for any inconvenience this may cause.

Wow, lately I keep getting asked, who is the worse lender to hire for a 203k loan? I don't know as I don't work with them. I can tell you who can close a 203k loan in less than 35 days more often than not. This is not a guarantee but play the odds and you will win most of the time.

Update 5-15-15 - I wanted to post on that date just because of all the 5's. I've updated our recommended "Wholesal lender list" thought I would add it to this post.

thanks

M

Posted by

Mike Young, 203k Team Leader    Mike ready for your 203k order

To learn more about the FHA 203k loan program go to www.203kOnLine.comWhat is your fee? 

Got a 203k project giving you "fits" contact www.203k911.comIf you are looking for quality 203k software for consultants to speed up the underwriting process..

Skype name: the203kconsultant

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Rainer
295,611
Stephen Kappre
KW Hometown - Mantua, NJ
Helping You Home

Wow. Some brokers will eat that up! - I'm not a broker but that is great for them. Good news to hear brokers are getting some support. I brokered for many years.

Jun 06, 2009 06:10 AM #1
Rainmaker
619,024
Mike Young
203kOnLine.com, covering the USA - Las Vegas, NV
FHA 203k Consultant 916-758-1809

Explain for  us Steve. Are you a mortgage Banker? Do you do the 203k? Are there other conventional rehab loan products that you are using successfully? We encourage any lenders making 203k loans to let us know as we get asked all the time of where a borrower can find an experienced 203k lender. Thanks for the comments.

M

Jun 06, 2009 07:38 AM #2
Rainmaker
1,143,982
David Shamansky
US Mortgages - David Shamansky - Highlands Ranch, CO
Creative, Aggressive & 560 FICO - OK, Colorado Mtg

Hey Mike, interesting post. No we are not a broker, yes we do offer 203k but to be honest its not anythingclose to our core product make up. I dont even think I did one lat all last year. Glad to see you are doing well with them but we have so much going on outside of that thats where our focus is and will likely stay, at least for the near future anyways

Jul 23, 2014 01:00 PM #3
Rainmaker
619,024
Mike Young
203kOnLine.com, covering the USA - Las Vegas, NV
FHA 203k Consultant 916-758-1809

Clearly it is a niche product. 

Jul 23, 2014 01:54 PM #4
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Rainmaker
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Mike Young

FHA 203k Consultant 916-758-1809
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