FHA 203K Mortgage Lender-203k Loan Specialist in California

Do You Have an FHA 203K Question? Post it Here

Hey there, it’s me Marvin,

If you have a question you’d like to ask me just post it here.

Your question does not have to be FHA 203K related, it can be general FHA or Conventional questions as well. Read More » »

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.

FHA 203K Sample Cost Break down

Cost Consultant 203K Work Write Up

The work write up is summary of all the work to be done. You may have more than one contractor working on a different project so the write up will include all the work provided by each contractor as well as the cost of each project.

Here is a sample of a Work Write Up:

FHA 203K SAMPLE Work Write Up

For more detailed information about Work Write ups & Cost Breakdown check out the FHA 203K Web Cast: Interview with an FHA Cost Consultant and Sign up to listen to whole series. ( Part 3 of the interview goes into detail about Write ups and Breakdowns )

Interview with an FHA 203K Cost Consultant

Join Me For A 7 Part Series With An FHA 203K Cost Consultant

The 203K Cost Consultant plays a significant part of the 203K and is required on all 203K Standard loans.
In this interview I talk to a Hud Certified Cost Consultant. This 7 part series will cover:

The role of the 203K Cost Consultant	What to expect at the inspections
How to avoid mistakes	How to prepare for the 203k process
As well as other insider tips to help you get your loan closed with less stress

Read More » »

Can You Afford to Say No to FHA Borrowers?

This is for all the Real Estate Agents out there!

Today I came across yet another great post encouraging Real Estate Agents to consider those buyers who want to use FHA financing. As a 203K Mortgage Lender I am trying to do my part in spreading the word that FHA Loans have a lot of benefits that the standard Conventional loans don’t. So read on…you may be pleasantly surprised on how far FHA has come. Read More » »

New Features on 203K Mortgage Lender website!

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

So check them out.

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FHA 203K Loan Information

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.