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FHA Open Your Door to Homeownership


FHA 203k Certified Contractors – where do I find one?

The Search Begins….. Finding a certified FHA 203k contractor can be a hard thing to come by- why you ask?  Simple- FHA / HUD does not maintain a database, train contractors, or even approve them to do work.  Finding a contractor to use in the FHA 203k renovation mortgage process is the responsibility of the home owner […]

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How Does a HUD 203k Inspection Differ from a Standard Home Inspection?

This is a guest post from Steven Laszlo (S0640), FHA 203k consultant and a trained home inspector in California.  I asked Steven if we could put this on our site because this question comes up all the time from home buyers, Realtors and even other loan officers when I train them.  Its an important subject […]

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The FHA 203K Mortgage Process

 The FHA 203k is a great loan for someone making a purchase or refinancing, and these steps will provide you with a road-map to understanding the process. 1)    The Buyer works with a realtor to find the right property for them, or the owner is ready for a renovation on their existing property. 2)    Get […]

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KEY PRODUCT FEATURES OF THE FHA 203(K) Loan

Many are surprised to find out that you can use a FHA 203k loan to refinance or purchase a property and roll in the cost of rehabilitation and renovation.  This is one of the great ideas behind the FHA 203k loan.  Frequently, I receive calls from customers stating they don’t have enough equity in their […]

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Eligible Improvements Using the FHA 203K Loan

Lately I’ve been asked, “what are some allowable improvements when we use the FHA 203k rehab mortgage”?  I’d like to give you some basic information that you can use to help understand how the FHA 203k renovation mortgage works and what is eligible. These are prime times for the FHA 203k program more than ever. […]

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