Who can actually close a 203k loan fast in Sonoma & Mendocino County?
There are lots of lenders who profess to be able to close a renovation loan quickly and then there are those who actually do close them quickly. But remember it isn't all on their shoulders, your client or the client must take an active role in getting their financial data to the lender promptly. The clock starts ticking once that info reaches the lender.
It is all about the team you put together when it comes to closing loans fast or faster than the competition. What is the average number of days that you close a renovation loan would be a fair question for your loan officer.
In the Sonoma County and Mendocino County areas right now I have to put my vote in the box for Tom Huntley who is a renovation loan manager at Prospect Mortgage out of their Santa Rosa office. Tom is head and shoulders above anyone in this area in the renovation lending both for the FHA 203k loan guarantee program and the HomeStyle® Renovation loan program, a sister program to the 203k with no PMI for clients with good credit. Tom can do loans all over the place but specializes in Sonoma and Mendocino Counties. Tom is also a member of AR
I've been doing business with Tom for several years now and found him to be extraordinary in his approach and his associate "Ardythe Brandon" is phenomenal.