203K Mortgage Lender is Now on Facebook!

You can now find 203K Mortgage Lender on Facebook!

Check out our new custom Facebook page here:

www.facebook.com/fha203kloans

We personally think it’s awesome! But stop by and tell us what you think.

Click the “Like Button if you like what you see and/or if you have found the resources at the 203K Mortgage Lender website helpful and useful in your quest for the FHA 203K Renovation Loan.

If you have any suggestions in regards to our Facebook page or any topics you would like to see discussed on the page or at the 203K Mortgage Lender website feel free to leave your comment.

See you there 8-)

FHA 203K Closing Costs

If you’re interested in the 203k loan and would like to know what additional costs or fees are involved in comparison to other FHA or Conventional loans this may help you.

From: http://ping.fm/OE7LK

New! 203K Mortgage Lender Directory

Have you been looking for a 203K Lender in your area?

203K Mortgage Lender has just launched our National Directory of 203K Lenders!
So if you have been looking for a 203K lender go ahead and check it out.

Beware! No Termite License Can Be a Terminator!

[caption id="attachment_430" align="alignleft" width="300" caption="No termite license can terminate the deal!"][/caption]

Recently a costly mistake happened that I thought would be a good idea to share with R.E agents, Sellers and Buyers. As an FHA 203k loan originator I am use to dealing with lots of moving parts and working with all those involved in the transaction. Recently though, to my surprise a transaction fell through that was already approved and over 30 days into the deal. So why did this deal crash? Because it was found out that the person who did the termite inspection was not licensed at the time of the inspection.

Wow!!! That was a first for me but never the less an easy solution. These were my options:

FHA 203K Tips - Contractors Bid and Work Write Ups

Contractors Bids

When you’re getting bids from contractors make sure the bid has a good description of the work to be done and a cost breakdown of the materials and labor involved.

If you receive a bid that is vague (lacking work details, labor and material breakdown) it will delay your loan so a clearly written out estimate would avoid any misunderstandings on what is expected and what is involved.

Here a sample of what you should be looking for when receiving a Bid from Contractor.

I just added some great new features on the 203K Mortgage Lender website

So check them out.

Here is a sample of FHA 203K Resources that 203kMortgageLender.com offers



Videos - This is a sample version of the FHA 203K: 10 Steps from Offer to Closing video. You can see the complete version at the 203k Mortgage Lender website




Articles and Ebooks: In addition to the video we also have the Print Version of the 10 Steps from Offer to Closing. This can be a useful resource when you're meeting with your Real Estate Agent in the event they aren't familiar with the 203K program.

Here is an excerpt: