Understanding the First Draw Inspection in Your FHA 203k ProjectThe first draw inspection is a crucial step in your FHA 203k renovation journey. It impacts both you, the homeowner, and your contractor. Let's break down what you need to know:The Importance of Upfront Planning:For contractors, the standard 203k program requires them to use their own funds initially. This "skin in the game" ensures they're committed. However, a well-planned project minimizes this burden.Understanding Soft Costs:Permits and architectural fees are "soft costs" that do not require a draw inspection. The lender holds these funds separately and releases them upon receiving receipts, permits, plans, or reports. Once the contractor pulls the permits, this money can be reimbursed without using one of your draw ins... 07/03/2024

203k is alive and well in Columbia SCWe have an office in Columbia with 203k consultants galore. If you need a FHA 203k, a HomeStyle® Renovation Mortgage, or maybe a Freddie Mac CHOICERenovation® - Home Improvement loan, we consult for all of them. Whether you need to replace a foundation, or just simple renovations, updated kitchens and bathrooms, it's all good. Log cabins or modern construction.  The home on the right, we raised it a foot and a half and gained a $100,000 view per the appraiser.Mixed use buidlings are a snap with FHA financing.  You can get a commercial mixed use building financed with only 3.5% down payment.Our SC office is just outside of Columbia SC.If you like our posts, please click on the like button below.203k consultant near me Columbia SC203k consultant near m... 10/11/2023

The Official Snack Food of South Carolina - Boiled Peanuts!     Boiled peanuts are definitely an acquired taste, but for those who have learned to enjoy them, there is no equal.  They are a salty, warm, delicious, somewhat mushy, and healthy southern delicacy.  While vacationing on St. Simon's Island, I heard a local vendor say to a new initiate, "they ain't Captain Crunch!"  How true!  Even if you don't plan on becoming a die-hard fan, they are worth a try.  However, do not expect them to taste anything like a roasted peanut or peanut butter.  Boiled offers an entirely different taste. The boiled peanut has a past interwoven with the history and culture of the South.  Present day finds the boiled peanut as the official snack food of South Carolina and the subject of much praise through... 09/08/2009