FHA 203k procedure
By Mike Young, FHA 203k Consultant 916-758-1809 cell direct
(203kOnLine.com, covering the USA)
FHA 203k procedure The chart to the right is very simplified but we will fill it in a bit as we go forward. A home buyer may enter the chart at any point, their landlord may come to them one day and ask if they want to buy the home... but then they would go back to "square one" and contact a lender to see what amount they might qualify. In reality we might suggest contacting a consultant first and we could help you find a lender that knows the business but more importantly fits the needs of our client best. We will find out what is more important to that client then go from there. Under normal circumstance you might meet with a Realtor then be redirected back to get a "pre-qual" letter which is typically presented with the offer to show that the borrower has started that process. Meet ...
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