Mike's 203k Blog

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Services for Real Estate Pros - 203kOnLine.com, covering the USA - S0289
203k loans, the hottest renovation loan product on the market. Offering quick closings on homes that require repairs.
RECENT BLOG POSTS
FHA 203k - HUD is getting back to strict adherence to the guideline This may be good or bad for you and your client. It is impacting one client that I'm aware of right now on a commercial building that he wants to turn into a residential use or mixed use building.  The guideline has always been v...
07/26/2014
Sewer lateral inspections are an everyday occurrence and that comes part and parcel with a $4500 refundable deposit that each buyer must put in play to insure the work gets completed in a timely manner. This is a requirement on every sale. It is a pretty simple test where a camera is run through ...
07/26/2014
Black sand beaches in Pacifica CA FHA 203k project in Pacifica brought me to this beautiful black sand beach   I was working on a home in Pacifica that is a rebuild from the foundation up when we finished the draw inspection... just demo was completed, we went to lunch at the beach and though I h...
07/23/2014
FHA 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.This 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...
07/23/2014
This is a conventional loan product that is available to owner occupants and investors.        We have been consulting and providing final draw inspection services for HomeStyle Renovation loans since the late 1990’s. This is an interesting loan product as it is available for owner occupants and ...
07/23/2014
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I have had lots of calls regarding 203k wholesaler lenders since M&T pulled in their horns to their own footprint. I have several posted on my website but just added a new one that will be looking for your business soon as they ramp it up a bit. They only work with the 203k and only with brokers....
07/23/2014
 I'm an inspector - why should I know & understand the 203k? Columbia SC? There are several good answers to that. Every home inspector has been accused of “killing the deal” at one time or another and it just isn’t true. The home inspector is hired to discover whatever they can to “inform the bor...
07/23/2014
I’m a contractor why should I learn about the 203k loan program?If you have all the work you need already then maybe you don’t need to know about the FHA 203k loan program but there are allot of you out there that have been buying my eBook “Contractors and the 203k” indicating that many of you ar...
07/23/2014
Appraising FHA 203k properties in Stockton or anywhere else for that matter I appraised these 203k loan projects from 1992 - 2004 and since I was already a home inspector and a 203k consultant it was easy for me to understand the process. HUD actually called me one time to go to Alabama and provi...
07/23/2014
203k loans are alive and well in Rock Hill SC Rock Hill as well as any other city in South Carolina is finding the FHA 203k loan program and we are seeing more and more asset managers who are willing to take 203k offers on their properties. It is about time. These are quite often full price offer...
07/23/2014
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Mike Young

FHA 203k Consultant 916-758-1809 cell direct
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