Mike's 203k Blog

 I had just arrived at a 203k project in San Juan Bautista, CA when I noticed these chickens walking down the sidewalk toward the intersection. Then the rooster stopped and the hens stopped behind him, he seemed to look both ways and turn to cross the street in the crosswalk. Unbelievable.       ...

How do I choose a consultant for my 203k project? Believe it or not, it astounds me to see the criteria people use to make that choice. #1. The lender is responsible for choosing the consultant. Even though we work for the borrower it is the lender's responsibility to choose the consultant.  #2. ...

We were completing a 203k project a while back and the contingency reserve hadn't been used at all. The contractor stayed on budget... that is a first, just kidding.  The home owner called me and said the contractor had agreed to paing the entire exterior of the home for the money left in the con...

Fireplace safety - You might think that anyone would like to live in a home that is safe and secure but apparently some just don't understand why we have professionals in the business to insure their safety.  What would you think if you saw soot coming from under the chimney stack and out onto yo...

Meet Pete Campbell our guy in Fort Pierce FLWe are highlighting Pete this month as he is a "go getter" and has taken to the FHA 203k consulting like a duck takes to water. I have trained allot of consultants all over the country and not all of the get it like Pete does. He is also personable and ...

Fastest way to a close on an FHA 203k is using a TEAM I received a call from a home buyer the other day. She asked for some assistance on her 203k loan in process. Turns out the lender was doing their first 203k and chose a consultant who was just getting started and had no clue as to what he was...

Ft Pierce FL 203k renovation loans for refinanceI just purchased a home two months ago and there is more work than we expected to get it livable. What options do we have, if any, to get money to do the necessary work?Actually you are in very good shape to get the money to do the work on your home...

FHA 203k vs HomeStyle® Renovation Mortgage in St Lucie FL Why would I use an FHA 203k loan over a HomeStyle Renovation Mortgage if they both do the same thing for me? I'm buying a home that needs some work, quite a bit of work, which program is better for me? Good question(s) 1) FHA has a lower d...

203k loan limits don't go high enough for my neighborhoodI'm afraid that is the harsh reality in many neighborhoods. What then, is the answer where the homes in my area are selling in the $1MM to $3MM or more. All is good with another renovation product that is available and our group consultants...

Port St Lucie FL where the 203k is alive and well I was just doing some research for our new office in St Lucie County FL where Pete Campbell-FHA 203k consultant is ready to help you with your consulting needs. Our company has been doing this since 1994 and when the "streamlined k" was introduced...