FHA contractor
I’m about to close on a two family home in Red hook. It will need substantial renovation,and I have acquired an fha 203k renovation mortgage. If anyone has any recomendations of general contractors please let me know. I’m aware that some contractors are not interested in dealing with the guidlines of these 203ks . Any…
I’m about to close on a two family home in Red hook. It will need substantial renovation,and I have acquired an fha 203k renovation mortgage. If anyone has any recomendations of general contractors please let me know. I’m aware that some contractors are not interested in dealing with the guidlines of these 203ks . Any input would be appreciated .Thanks
Oldehook,I am wondering now months later how you feel about your 203K loan. We recently closed on our Victorian home with a substantial 203K loan for renovation and the whole draw process has been problematic….contractors of course wanted upfront money and bank is slow to schedule draws; it was confusing just who DID administer the funds…..I wondered if you had any sage advice.
I hope all went well for you…..
oldehook –
I am about to go into contract on a 2 family in red hook that also needs significant renovation and would love to talk further with you about your experience so far. karencath (at) gmail.com
Hi Oldehook,
My company AllRenovation Construction LLC is experience with the FHA 203(k) process. Please call me at your convenience to schedule a project visit.
Best,
Pietro Calabretta
718-351-4099
pietro@allrenovationllc.com
http://www.allrenovationllc.com
Zoolander,I’m closing on a fha loan also with Wells Fargo Bank. Loan officer Leonard Murphy 718-780-9110.
oldehook-We are General Contractors with plenty of experience and references for FHA construction and loan. Much of the work we do is financed through FHA lenders and we actually have an in house FHA processor/underwriter that takes care of the approval process based on the scope of work and amount of finance needed. Please feel free to contact us for an in home consultation at 718-228-0199 or via email: contact@blfrg.com . Our website is http://www.blfrg.com
oldehook – I’m interested in getting a fha 203K renovation mortgage too. Can you recommend a bank or broker? Was it a difficult process? Is there an income limit on the borrower – I think I might make too much to qualify?