Mike's 203k Blog

Higher interest rates can help your businessWhat 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 lot of older homes, or ho...

How many 203k's were closed in my area last year?I get asked this question regularly, so I posted it on my website and still get asked so here is the link.https://apps.hud.gov/pub/chums/f17fvc/203k.cfmNow that you know that information who cares? It really doesn't matter how many were done last y...

After all these years... we still see our name on products in the field. We were sheet metal manufacturers many moons ago, My father was quite the innovator.I saw this on a roof the other day and it was one of his designs from about 1975 that we manufactured and sold to our retail distributors fo...

Increased 203k Loan Limits for 2022Today, the Federal Housing Administration (FHA) published Mortgagee Letter 2020-41, 2021 Nationwide Forward Mortgage Limits, which provides the maximum mortgage limits for FHA-insured Title II forward mortgages. These new loan limits are effective for case numbe...

The secret to get your FHA 203k project closed FASTERMy favorite story about closing fast 203k deals has always been with Donna Nix when she closed her first full 203k in 21 days. She and others get it that nothing happens until the paperwork is complete and the clock doesn't start ticking until ...

Marketing has always been an issue for everyone in this chain. In 1998 HUD put me on the carpet for "Hogging the Work" till they found out I had offered every consultant on the SF list a free consultation if they would merely come out to my seminar and see what we do. If they liked it we would as...

are the FHA 203k loans as strong as they ever were?What can we say about that? Yes, and No is the right answer. Why is that? Originally the 203k was intended for borrower's that were credit challenged. That is no longer the case, many and I do mean many, borrowers these days just want to have som...

Need a lender for a non-profit for a 203k I need a lender for Non-profits all over the USA, if you are open to discussing it let me hear from you.

I have a Mac but need my favorite PC programs to run on it, What can I do? Use Boot Camp Boot Camp comes with your Mac and lets you install Microsoft Windows. No need to download anything yourself — just open Boot Camp Assistant and it will guide you through the rest. How to install Windows usin...

Renovation loans  What's in it for the Realtorif you would like a power point copy of our rendition of "What's in it for me, the Realtor" just send me an email with that in the subject line, no obligation. Check out "What's in it for me, the Realtor" while thousands of 203k seminars per week are ...