Posted on November 19th, 2024.

Whether you are a homeowner embarking on a major renovation or a contractor managing a project, draw inspections are an important part of the process.

In this article, we will discuss the purpose of draw inspections, wh…

Published 11/5/2024 

#Contractors

#203k loan officers

The FHA 203k loan program allows homebuyers to purchase and renovate a property with a single mortgage. While there's no official "approved 203k contractor" designation from HUD, it's crucial to choo…

Posted on October 23rd, 2024. 

Applying for a renovation loan can be a significant step toward enhancing the value and comfort of your home. However, there are several common mistakes that borrowers make during the process, which can lead to unnecess…

Posted on Oct 14th, 2024

The recent expansion in HUD FHA Limited 203k loan limits has sparked enthusiasm among aspiring homeowners looking to dive into DIY renovation projects. This program, designed to assist borrowers in financing both the purchase of…

Posted on September 26th, 2024.

Are you planning a renovation project for your home or business? If so, you may be wondering whether to hire a renovation consultant or a contractor. While both professionals can provide valuable services, there are key …

Posted on Sept 15th, 2024

https://renovationcontractors.us/

Can an FHA 203k loan be used for a refinance project?

The short answer is absolutely yes. Here are a few scenarios where this can be beneficial in today's marketplace:

Refinance with the FHA 203…

Posted on Sept 12th, 2024

Can I update my manufactured home with the 203k loan program?

Introduction

Upgrading a manufactured home can be just as rewarding as renovating a traditional stick-built house. With the right approach, you can transform your…

osted on August 23, 2024. 

Becoming a successful 203k consultant requires a deep understanding of a wide range of important duties. But what exactly does it take to excel in this field? 

In this article, we will explore the essential skills and qua…

Half Priced homes from FHA

Published 8/7/2024

Calling all teachers, firefighters, law enforcement officers, and EMTs! Do you dream of homeownership but find the down payment a hurdle? Look no further than the incredible combination of the FHA 203k Reha…

FHA 203k vs. Fannie Mae HomeStyle® Renovation Mortgage: Which Renovation Loan is Right for You?

Thinking of transforming a fixer-upper into your dream home? You're not alone! Two popular mortgage options, the FHA 203k and Fannie Mae HomeStyle® Renovation…

Turning an Old Schoolhouse into Your Dream Home with an FHA 203k Loan

Old schoolhouses, with their charming architecture and rich history, hold a unique allure for many homeowners. But transforming these grand old structures into modern living spaces can…

Published 4/4/2024

find a 203k consultant near me

FHA 203k loan, Choice renovation loan

Contractors quite often see hot renovation projects. The home featured was an 800 SF home a client found for $400,000 in an upscale neighborhood. We were brought in…

Published 4/3/2024

Best 203k consultant

203k consultant near me

Yes, indeed, you can add a foundation. This home was originally built around the early 1900's and never had a foundation and the uprights were merely posts set much like fence posts.

I need …

Published 3/12/2024

find a 203k consultant near me 203k loan, 203k consultant,

I thought all 203k projects required a contingency... Well, that isn't always the case with a Limited 203k. 

A Limited 203k it has been rumored covers non structural repai…

Published 3/5/2024

203k consultant near me

www.203konline.com

Best 203k consulting software

Why is our software the best choice for new and seasoned consultants. The first reason is that we are still hear after 30 years providing software to this indust…

Published 2/27/2024

203k loan, 203k software

Yes, of course. We have had hundreds of foundation repairs over the last thirty years. 

This home had a small basement where the heating system and water heater existed but no perimeter foundation. So we add…

Published 2/20/2024

You actually have some choices when you become a consultant as to what software you might want. When we created our product I was a real estate appraiser. If that is your ONLY experience with construction HUD does't really want you …

Published 2/19/2024

That is just what it means to be a 203k consultant or renovation/remodel consultant. Most people don't remodel their home very often and guess who knows it? That is correct, the contractors know it and quite often they capitalize on…

Published 2/18/2024

Our software has been around longer that all the others. Some features we offer that most don't have available include:

1. Limited 203k ability to choose up to five (5) trade contractors and provide separate contracts for each of th…

Published 2/17/2024

203k Mixed Use Buildings Oakland CA or anywhere else in the country.

FHA loan limits have been increased dramatically and that includes the 203k. 3.5% down for a commercial building, holy cow. Some real estate professionals are …

Published 2/15/2024

203k Software for consultants and contractors

I get such a kick out of seeing new consultants who come on strong with their new software... only to find out they are paying per write up for the use of that software. The minute they f…

Published 2-13-2024

Look at the photos closely on this one. It is the same house. The client needed a larger home so they made it a larger home. 

So, inventory is low, nothing like your client wants is in the forfront. We'll look at every other thing …

Published 2/10/2024

Limited 203k software

In 2005 the Streamlined (k) was introduced and few years later the name changed to "Limited 203k" but the program remained the same. I would venture to guess none of our competitors even know there is a softw…

Published 2/3/2024

Seems simple enough on the surface. There are four columns to a draw request. Column 1 is what each category or section has alloted for the completion of those items. Column 2 is everything that has already been paid out in the prev…

Published 1-26-2024

Simply stated, we were one of seven programs evaluated at an underwriters’ conference a few years back... we receive 98% of the vote as "the most popular and complete 203k package in the industry". If that is not enough, we provide t…

Published 1/19/2024

FREE SOFTWARE * FOR CONSULTANTS

Everyone is new at some point in their carrear. There is certainly nothing wrong with that. However it is all about choices. Choose wisely my friend.

If you would like to try out our software fo…

Published 1/12/2024

203k Consultant Software FREE if you qualify *

We have been selling the best 203k software available for the FHA 203k and HomeStyle® Renovation Mortgage by FannieMae for over 30 years.

We have the longest running software availab…

Anyone can appraise a 203k, right? Any approved FHA apprasier at least. You might think so but we see this all too many times that they don't have a clue in many cases. This year alone if I turned them in to their licensing boards they would be fined at …

This is a quiz, lets hear your thoughts as we go through these photos

These photos are all of furnaces we have encountered during our 203k consulting journey over the past thirty years. I have a house with a floor furnace, can we keep it or must it be r…

FHA 203k draw inspection process - how does the contractor get paid?

The first draw is very important to the FHA 203k contractor as they typically get money up front to start a project and with the Standard 203k loan program being a "reimbursement" progr…

Posted on October 28, 2023

It is personal property but do you need to collect sales tax or is the buyer required to declare it? We live in a manufactured home and lease the land it sits on.

When we sell it, what is required? Can we do the paperwork and…

Posted on May 13, 2022

What happens when the interest starts climbing? 

Fewer buyers in the market make fixers that much more attractive. The FHA still has a lower downpayment than most other loan programs. If you are doing business where there are a …