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
Things are heating up in more ways than you might think. While it is 100 degrees in Charlotte, the humidity is down somewhat from usual but it was 139 degrees in the attic. Wow, yes, the 203k consultant should look in the attic and under the home if there is a crawl space, I must admit that I enj...
07/21/2014
I'm still amazed at the number of asset managers that still insist that they won't take FHA offers. I was just listening to the Mitchell Churnock's weekly radio show featuring the 203k and he hits them right between the eyes...  Asset managers, wake up please. If you are excluding the FHA 203k yo...
07/21/2014
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Contractors are needed to get these projects completed in a timely workmanlike manner. If you aren't getting all the work you can handle contact local 203k consultants and get on their lists ASAP. You will be happily surprised to see the results. Contractors who could use a bit more work might ju...
07/20/2014
Can I use the 203k to fix up my manufactured home? Upgrading a manufactured or factory built home is possible not just stick built homes. Keep it in mind. We are doing two right now and they are coming together rather nicely. Keep the foundation in tact and you should be fine. This opens up a gre...
07/20/2014
203k consultant approval in under four days Wow, HUD is getting very good at the approval process. There has been a distinct change of late in the approval process likely due to the larger number of FHA 203k renovation loans being processed but we are seeing several new consultants being approved...
07/20/2014
Limited 203k Software for your 203k departmentAttention Lenders! This is a sales pitch...  So you do allot of Streamlined k loans, how do you manage the contractor/subcontractor paperwork? Cut that paperwork way down and get on to the next project faster. Get a consistent package into your underw...
07/20/2014
now and then you hear about a 203k loan that went wrong. I'm not going to sugar coat anything here but most of those could have gone right had they been working with a "TEAM" of experts who know what they are doing. A team is like a well tuned engine. You don't have to be an expert if you work wi...
07/18/2014
Live "Rent Free" in America, why not? American's bred and born in America are less apt to see the potential for the FHA 203k to build wealth, but foreign born Americans see it right now and access this powerful strategy to get established and make money in America. In the mid to late 1990's it wa...
07/18/2014
Can I replace a failed retaining wall with the FHA 203k loan program? Yes, you can. Some of the questions we get from time to time puzzle me but yes. you can replace or repair a failed retaining will with this terrific program.   HUD/FHA are all about Safety, a failed retaining wall is a safety h...
07/18/2014
Termite report for FHA must be on ALL structures at the site !What about that? It has always been the case - DON"T PANIC just yet. Several years ago the rule was relaxed a little which we will get into a little farther down on this post. But for now we'll discuss the requirement as it originally ...
07/18/2014
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Mike Young

FHA 203k Consultant 916-758-1809 cell direct
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