FHA 203k renovation loans are alive and well in Rio Vista California

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

FHA 203k renovation loans are alive and well from Dixon to Rio Vista California

While we are always doing 203k loans all over CA sometimes it is good to remind everyone that we do them in your city too. If you need an FHA 203k renovation loan or a FannieMae HomeStyle® Renovation Mortgage we do them all over the state, and all over all other states for that matter.

Dixon is a growing community with allot of homes that are getting a bit older and perfect candidates for this loan product. Any home is a candidate for these renovation products. If need to find a 203k consultant, give us a call. We can guide to to the best lenders in your area to provide a quick close. 

It doesn't matter if you are refinancing or purchasing these loans should take no more than 30-35 days to close. If they do it is likely due to the borrower not providing their financial information in a timely manner. The other issue that quite often takes time is when the borrower fails to provide guidance as to what they actually want to repair.

If you are thinking about adding a  swimming pool the HomeStyle® Renovation Mortgage would be your choice of a loan program. It has always been an issue for FHA to add a pool but come September 14th the FHA 203k will be able to make repairs on an existing swimming pool without the $1,500 cap they have had since 1961. This will allow you to resurface a pool, and make any other repairs to the equipment or pool that are needed without a limit, but you still can't build one from scratch.

Who is our recommended lender of choice in Dixon CA? Tina Norman, with First Mortgage Corporation who has been making renovation loans for many years now. She is now working out of the Benicia office of First Mortgage Corporation but has been working Davis, Vacaville, Fairfield, Vallejo, and Benicia for quite a few years now and has lots of experience with these products.

Put our 203k team to work in Dixon for your client



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? 

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Comments (6)

Rob Ernst
Certified Structure Inspector - Reno, NV
Reno, NV-775-410-4286 Inspector & Energy Auditor

The 203K is a great loan option. We used the 203k and the EEM for our home. Found a house in a great area that needed lots of work. Those two options allowed us to make it a nice home and improved the value so we had equity from the day we moved in. 

Jul 06, 2015 01:12 PM
Mike Young
203kOnLine.com, covering the USA - Las Vegas, NV
FHA 203k Consultant 916-758-1809

Rob, you should think about joining our team too. Sounds like you have grasp of the program.

Jul 06, 2015 01:20 PM
Frank Rubi
Frank Rubi Real Estate, LLC - Metairie, LA

I currently have a client who is using a 203k Loan. Working well for them.

Jul 07, 2015 04:16 AM
Mike Young
203kOnLine.com, covering the USA - Las Vegas, NV
FHA 203k Consultant 916-758-1809

Frank, thank you for sharing.

Jul 07, 2015 08:37 AM
Dave Halpern
Dave Halpern Real Estate Agent, Inc., Louisville, KY (502) 664-7827 - Louisville, KY
Louisville Short Sale Expert

The 203k loan is an under-utilized tool. Realtors and buyers should call Mike Young to learn how they can create equity by using the FHA/203k loan to buy and renovate homes that need some work.


Aug 12, 2017 08:25 AM