203k Limited program

By
Home Inspector with Hud Certified 203K Consultant nachi10010504

What all can you do with $35,000 remodeling a home? Do the math in remodeling a bathroom, kitchen OR renovation projects unless you are a Skillful DIY "ER" 

It's the bear (necessities) that fit in the category of "mandatory" that will make the loan to work, inflation have taken over the "Recommended & Desired" category in order to use the limited 203k we are dealing with a situation where the use of a 203k consultant is becoming more and more necessary to hire a consultant to make the loan work and the guidelines and letters are not going to change the need for skilled 203k consultants to be involved at the time of making the loan transaction work. So, rather than a option, hire a consultant even on a 203k limited.

Fred Sweezer Sr

1-562-234-2689

 

Comments (3)

Sham Reddy CRS
Howard Hanna RE Services, Dayton, OH - Dayton, OH
CRS

That program doesn't go far enough!!! Thanks for sharing Fred!!!

We are dealing with a situation where the use of a 203k consultant is becoming more and more necessary to hire a consultant to make the loan work and the guidelines and letters are not going to change the need for skilled 203k consultants to be involved at the time of making the loan transaction work. 

May 23, 2023 04:28 AM
Fred Sweezer Sr. CMI, LLC.
Hud Certified 203K Consultant - Long Beach, CA
HUD 203k Consultant

You are welcome!

May 23, 2023 04:59 AM
Wanda Kubat-Nerdin - Wanda Can!
Red Rock Real Estate (435) 632-9374 - St. George, UT
St. George Utah Area Residential Sales Agent

Hiring someone versed in the process, matters greatly and every bit of these type programs are necessar, Fred. Thanks for sharing this information!

Sep 06, 2023 08:12 AM
Fred Sweezer Sr. CMI, LLC.

You are welcome!

Sep 06, 2023 09:26 AM