No.

A few - and it works.

I have not done any, yet.

I haven't used one in a while.

I recall one Buyer used one for one of our Short Sale listings and don't remember it taking longer than usual...

We did a streamline 203k on our own home. It allowed us to get a home in a desirable neighborhood for allot less than average. Due to the homes condition it would normally be a cash only sale because of the lack of a working furnace and plumbing problems. Since the repairs were part of the 203k we were able to finance them in. We aslo took advantage of the FHA's EEM loan and were able to get extra funds to do energy efficient upgrades. I would say it was a success over all. After it was done we ended up with a great home and some equity. 

• Joe Daly, First American Mortgage (513) 602-1878
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I've had a lot of success with 203(k) loans - theyre one of the most misunderstood and feared loan programs out there, but they're really not that difficult and don't take that long.  You need 2 things - a lender that knows what they're doing, and a contractor that knows the 203(k) process and how to structure their bids, etc, to meet guidelines.

Make sure your lender is experienced in doing this type of loan. I have done several of them...all with different lenders and each one took about four months to close. When you write a contract and are using this type of loan...give yourself plenty of time. The first one I did...I trusted the lender who said she could do it in 60 days. We had to get three extensions after that. It was on a bank owned property, and I sweated blood waiting to see if we were going to get those extensions. 

The first house I sold was a 203-K.  I don't remember what bnk it was, but it may have been Wells Fargo.  I think we closed in about 30 days.  That was in 2009.

I just did one last month, I believe it took us about 65 days to close. We would have closed in under 60 days if the underwriter didn't make us get additional bids.  Wells Fargo was the lender

Brenda, I had lunch with a lender a few days ago and he actually said "the one loan I won't do is a 203(k)".  They are a little difficult and I had a client that did one a few years ago.  It did seem that it took a long time.  Documentation and follow up is critical. 

Brenda, You should check a lenders who is experinced in doing the 203k program. You can also go on hud web site.

Depends on all the factors, the layers of players in the triangle. Is the bank on Neptune and not local? Is the title outfit already up to speed and open and shut case. 6-8 weeks happens for a reason. But tenants in possession, sellers not ready to move ... appraisal slow to get the job done.