Money to buy + Money to Fix it up = All in ONE Loan!
Most lenders will require on a FULL FHA 203k (one w/ 35K or more in total renovation cost), that you
utilize a General Contractor.
Nothing wrong with this... its a pretty good idea. But, what if you have a connection on getting building supplies and can buy the material DIRT CHEAP? Why would you want to let the contractor make money on the material???
Most lenders will require you include materials in the contractor bid on your FHA 203k loan... WE DON'T!
Just provide us with the invoice or order form for that material and we will write the check directly to that vendor for the major end items from your FHA 203k Renovation Escrow, saving you from needing to pay profit to your contractor for these materials. FHA 203k's can be flexible and work with you, so long as you find the right company. ;)
This can be a HUGE savings, especially for those who have memberships at large supply houses, private purchase clubs and the like. 
BUY YOUR OWN MATERIALS AND SAVE THOUSANDS! Include it in your FHA 203k Escrow.
FHA 203k - The right loan to make the house a home. :)
Go out - Buy Houses - FHA 203k - Make Equity - Enjoy LIfe
b
Comments(0)