Tag Archives: HUD Consultant

203k Loan Problems And How To Avoid Them

A 203k loan can incur problems and are not cookie cutter loans by any means.  They have issues that are unique that other FHA or conventional loans do not have. As you can see from the picture above, permit and municipality issues cause the greatest number of 203k loan problems since the city/municipality may not allow […]

Guest Columnist: How A HUD Consultant’s Inspection Differs From A Standard Home Inspection

    How Does a HUD 203k Loan Inspection Differ from a Standard Home Inspection? When homeowners ask me if my inspection as a 203k loan consultant can take the place of a standard home inspection, I usually tell them that is does not.  There are several reasons it doesn’t, but the main one is […]

203k Loan Advice, Get A Contractor Bid Before You Write An Offer

In regards to the 203k loan advice, I don’t know everything and I don’t pretend to, but I know more than most.  However lately I’ve been receiving calls from troubled borrowers who have started a 203k loan with another lender and it’s falling apart and they need help keeping their deal together. One of the main issues […]

Structuring An Offer With A 203k Loan

  OK, I’ve heard many reasons why a Realtor or REO lender won’t accept a 203k loan contract offer.  How do we combat this?  We have a qualified homebuyer but their choice of financing is an issue.  The main roadblocks are that the loan takes too long to fund, and that Realtors have heard nightmares about past […]