Mike's 203k Blog
203k loans, the hottest renovation loan product on the market. Offering quick closings on homes that require repairs.
ARCHIVED BLOG POSTS
2016
v16 of our award winning software for consultants is now availableUnderwriters voted us the easiest to underwrite by 98:2.The v16 has over 175 improvements over our v10. I talked with someone in MA this morning who is still using our v4, there must be 350-400 improvements over that version. He wi...
01/23/2016
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...
01/03/2016
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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?...
01/02/2016
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...
01/02/2016
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Mike Young
FHA 203k Consultant 916-758-1809 cell direct