Contractors as FHA 203k Consultants?
By Mike Young, FHA 203k Consultant 916-758-1809
(203kOnLine.com, covering the USA)
Contractors as FHA 203k Consultants?Why not? What are your thoughts? Contractors actually make good consultants but if you are a contractor and you are looking for more business this may just be your ticket. What happens when a 203K buyer finds a house? They get prequalified by lender, then they have to seek a 203K consultant. The lenders actually supposed to pick the consultant but quite often they feel that's a liability and don't want to do it. So they asked the homeowner to call around and find a 203K consultant for their project.If a contractor is a consultant they will get that first call in their city in most cases. So the homeowner does a search for a 203K consultant in Charleston, South Carolina. They find Joe consultant, and call Joe who happens to be a contractor. Joe makes a...