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.
Is the FHA 203k my best choice for a renovation loan?Not necessarily. What you should consider is what kind of down payment you may have. If you are looking for a low down payment then the FHA 203k loan may be your best option. They do penalize you however by making you pay an insurance premium e...
203k Consultant Seattle WAWhen do you need a 203k consultant? Every time you have a 203k loan.  Why would you want a consultant on a Limited 203k? They represent 98% of the problem 203ks, would be a good indication that something isn't working without a consultant. What does a 203k consultant do?...
Miami FL is ripe for the FHA 203k loan programYes, it is. Miami and the Greater Miami area is a really hot bed for the FHA 203k and the HomeStyle renovation. I have always believed that every home you might purchase that isn't brand new is a potential renovation loan.1) Realtor sells a house that...
Miami FHA 203k consultant on the move.Jimmy Fitzgerald is the son of Tommy Fitzgerald in Ocala and is off and running with his 203k business. Jimmy has been a contractor for a number of years and as you know that makes the best consultants as they are already well equipped to complete competent b...
Can I build a garage with the 203k program?Maybe - Yes, you can if there is no other garage on the site. If you do have a garage on site, then the new garage may be considered a luxury item and thus not be allowed. If you have a home that just needs a garage to be complete, build one with the FHA...
The hustling bustling town of Portola located in Plumas County CA, can certainly use the advantages of the FHA 203k loan guarantee program. Why do I say "loan guarantee program"? Simple because that is what FHA is. They guarantee the lender that they will buy the loan back up to 96.5% of it anywa...
Opened another office in Graeagle CA to service Sierra and more of Plumas Counties, as well as parts of Nevada County that are closer to Graeagle than formerly possible. Why do you need to know about this? Easy, places like Loyalton, Almanor, Beckworth, Verdi, Portola, and even Truckee (Nevada Co...
I had the opportunity to do a job in Kelseyville and on the way back came through Middletown. Lots of activity as the clean up crews are going through the debris and removing the trees that were deemed too far gone to save.What I did notice that was a good thing is that there are lots of foundati...
Can I replace the foundation with a 203k loan?I have a 203K client that is starting the project from the foundation (pier and beam).  During the estimate development process, the contractor selected is recommending replacement of all piers is that okay to replace all piers and still remain compli...
I've owned a 1954 Whirlitzer for years now, a gift from a great friend. Bobby won it for a $1 raffle ticket, put it in his truck and headed for CA. What a surprise but then I filled it with my old 45's. What a joy.I just completed the final draw for a client and Michael actually repairs and refur...


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