FHA 203k lender in Moss Beach and Half Moon Bay

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

203k Moss Beach with Tim Floyd & Mike YoungFHA 203k lender in Moss Beach and Half Moon Bay


Lots of pest work on this home was needed to get it back in good shape.

203k in progress - Moss Beach CAThis home was tented, fumigated, then stripped of it's stucco and wood siding exterior to expose the full extent of the damage.

Now not all 203k projects are this invasive but we knew we had lots of damage inside the walls and the the new owners wanted wood siding.













Just look at the amount of new wood on this home. Better Builder Tech is the contractor on this one, Prospect Mortgage is the lender and yours truly the consultant. This is the first draw and we were joined by  Peter Murariu of  Better Builders Tech

Better Builders - Mike Young Team - Tim Floyd Wells Fargo














The contractor ended up replacing so much of the 2x4s that the inspection department added additional renovations to the scope that included blueprints, plumbing and electrical complete replacement... not in the budget and the contractor brought it in at budget for our clients.  


203k Moss Beach CA




Here is the finished product ...

Berkeley look with the wood single siding


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.com. If you are looking for quality 203k software for consultants to speed up the underwriting process..

877-207-6565  state your name when asked please, it is dialing me at the same time.

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Comments (10)

Patrick Henry
PMZ - Stockton, CA

It is always great to see 203 in action. Thanks for sharing.

Mar 18, 2011 11:40 AM
Tim Floyd

What a deal!  They were able to finance 96.5% of the purchase price AND all renovations.  Also they got around $10,000 back towards closing costs!  This is with a FHA loan with interest rate in the low 4s..

Mar 18, 2011 11:51 AM
Mike Young
203kOnLine.com, covering the USA - Stallings, NC
FHA 203k Consultant 916-758-1809

Tim, I know you are one of the busiest guys around with the renovation loan products (Wells Fargo Home Mortgage) but wasn't it rewarding to see this transformation first hand. Walking through the home and seeing where the walls have been removed to make the home more functional. It was a pleasure having you visit the jobsite. Another one that you will find interesting is the one coming up in Pacifica, CA shortly. That one is a real mess that we will be making major changes to. 

Mar 19, 2011 05:35 AM
Bob & Leilani Souza
Souza Realty 916.408.5500 - Roseville, CA
Greater Sacramento Area Homes, Land & Investments

Mike, thanks for sharing your 203k loan transformation with us on AR...I hear about these loans, but so far I've never seen a photo blog about them. Great job! :)


Mar 20, 2011 04:12 PM
Mike Young
203kOnLine.com, covering the USA - Stallings, NC
FHA 203k Consultant 916-758-1809


thank you for the comment. We have lots more planned for you so please subscribe so you don't miss them. Try this one, I have a video on this site... http://203konline.blogspot.com/ it is also funny and heart breaking at the same time.. enjoy

Mar 21, 2011 02:39 AM
Tim Foyd

Hey Mike,

It was amazing to see how much work your contractor was able to accomplish in just 1 week!  Diana and Chad are grinning from ear to ear right now because they truly are going to be living in their dream home within the next couple months.  All with 3.5% down payment and along the San Francisco Bay Area Coast!  Hopefully the word gets out that these loans are for EVERY home buyer.

Looking forward to seeing the Pacifica property soon!


Tim Floyd

Renovation Specialist, Wells Fargo

Mar 22, 2011 02:39 AM
Mike Young
203kOnLine.com, covering the USA - Stallings, NC
FHA 203k Consultant 916-758-1809


You are so right and it I get to see this each and every day, had another one yesterday for a draw inspection that, when they removed the wood paneling they found the termites had eaten the back of the paneling and face of each 2x4 framing stud... looked like a road map of grooves. I find it facinating to see the quality of the contractors out there that take that an mold it into a "home" again. It is truly amazing, Thank you for the comment. I see we are on the venue for speaking at the SACAR on Tuesday 3/29/2011... my mother's birthday. See you there. It sounds like we are going to have a full house there. M

Mar 22, 2011 03:33 AM
MMenergy Services LLC - Brooklyn, NY

This was a well photo/documentaried rehab, which truly illustrates how cooperation between all parties can produce a safe, healthy, and energy efficient product. The true spirit of the 203k / Fannie Mae / Home-style loan. Kudos!!!!

Apr 13, 2013 08:36 PM
Mike Young
203kOnLine.com, covering the USA - Stallings, NC
FHA 203k Consultant 916-758-1809

Michael, thanks for stopping by. Nicely put


Apr 14, 2013 12:42 AM
Phil Caulfield
Prosperity Home Mortgage - San Carlos, CA
I Get The Loans Done That The Big Banks Don't!

Mike Young you do a great job with the FHA 203k! I know from personal experience!

Aug 08, 2014 11:49 AM