Mike's 203k Blog

It is always interesting to listen to the scuttlebutt around the water cooler. I'm still at the Atlanta SE Home Insepector's conference and we were just talking as we were at the water cooler.It seems most of us have the same issues but it is fun to hear someone else's take on those issues.It is ...

FREE EARTHQUAKE RELIEF WORKSHOP—REbuild NAPA™ As The Dust Settles—Napa Homeowners Wonder About Their Home Renovation OptionsMeet with a team of some of the most respected regional professionals including,REALTORS®, Lenders, Contractors, Insurance Agents, and HUD-Certified 203k Renovation Loan Con...

Seems like it  keeps growing... one day we heard there were 200 and the next day it as 617, now it is over a thousand and that may not be the end. I know I just found a crack at my house and I'm located fifteen miles away from the epicenter less than ten miles as the crow flies. It is a small hai...

Log cabins and the FHA 203k renovation program Can I renovate my log cabin with an FHA 203k loan? Why not, it is a home and in most cases has a foundation so it is a candidate for the program. It is odd but we get asked that a number of times each year. Again last Friday.  The client is purchasin...

As The Dust Settles--Napa Homeowners Wonder About Their Options     RE/MAX Gold Hosts the first in a series of Earthquake Relief Workshops to Help Homeowners Navigate Their Home Renovation Options Napa, CA, August 30th, 2014:  “We express our sincere regrets for any losses that Napa residents may...

We will be having a FREE event for the victims of the earthquake and the numbers keep growing . Three days ago there were 200 homes affected then two days ago it was up to over 600 yellow tagged homes in Napa and Sonoma Counties.  What do you do? How do you recover? Did you have insurance to make...

4" OG or Oh Gee as some call it and it comes in several sizes but has a similar shape. I've seen 4", 5" and 6"  1/2 Round Gutter  5 1/4" Fascia Gutter is typically for use on a roof that has 2x4 rafters as when they are cut at a 4:12 pitch the result is a 5 1/4" edge as you can see it come sin tw...

My 203k consultant isn't doing a good job of managing the contractor!Well, I don't know how to put this any other way but "it isn't the consultant's job to manage the contractor" so he or she shouldn't be expected to do that.1) The consultant is a consultant when first hired. They will consult wi...

Self Help under the FHA 203k loan guarantee program Yes, there is a provision for "self help" under the FHA 203k program but they aren't carte blanc. Some lenders allow self help ONLY if the borrower is a licensed contractor in the state where the project is located. Many lenders DO NOT ALLOW SEL...

Would you believe I'm about to turn 67 years old in a few weeks? I cannot believe it. My mother passed away at 54 years of age. Let's get back to the topic of today. We have an outstanding loan officer who is specializing in the 203K and located in the Roseville California area. She is Sheri McLa...