Mike's 203k Blog

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Home Inspector - 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
Who can actually close a renovation loan fast in Los Angeles 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 a...
07/18/2014
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 ...
07/16/2014
Who can actually close a 203k loan fast in SF Bay Area? 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...
07/16/2014
Southeastern Home Inpection Conference is coming in September Hope to see old friends and new in Atlanta in September at the conference where I'll be speaking on FHA 203k consulting for a four-hour class. Get your CE credits.  Join us for fun and learing all about how you can add this great produ...
07/12/2014
Sometimes it is confusing to me that a contractor calls himself a contractor then installs the roofing material so water goes under the roofing materials on the way to the outside edge. Oh, and want a payment for the roof... NOT  They peeled back the bottom two layers at the first half course of ...
07/12/2014
Why should I choose an FHA 203k loan? Lots of good reasons to choose from: your credit may not be stellar Not a problem FHA has the easiest loans for a borrower to qualify Even not to distant bankruptcy can be overcome your new home needs allot of work and you can't otherwise get a lender to make...
07/07/2014
Yes, and NO.  Yes if you are going with the FHA 203k program, and NO if you are going with the Fannie Mae HomeStyle Renovation program. If your client it purchasing a home or refinancing a home and wanting money to make improvements and has that little extra down payment and good credit the HomeS...
07/06/2014
Do I have to use a 203k consultant on my project? The short answer is No, you don't. However there is allot more to it than that. Since there were no consultants prior to 1994 and the program has been around since 1961, HUD says a 203k consultant isn't an absolute necessity. It is, however, REQUI...
07/04/2014
I have a 203k question On a house built in the 30's; the stairs to the second floor, which has 3 rooms, is only 28" wide.  Can that be grandfathered in or will it need to be increased to 36". Grandfathered... Years ago I had one that had 10" stair treads, to correct it would have cut off the hall...
07/03/2014
This may be the niche you have been looking for - the FHA 203k. I can't tell you how many times per week someone calls me to tell me even now with loan limits at all time highs with FHA they aren't high enough in "My Area". You want everything handed to you... wow. FHA is so very responsive to ma...
06/28/2014
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MikeYoung

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