BBQdDude Posted June 30, 2017 Report Share Posted June 30, 2017 We are in the process of buying a short sale via FHA loan. I am doing a 203k streamline loan also to cover rehab costs. I am looking for people who have used and can give a good review on a FHA certified contractor. Quote Link to comment Share on other sites More sharing options...
AngryBMW Posted June 30, 2017 Report Share Posted June 30, 2017 You don't need a FHA certified contractor for a 203k...just a licensed/insured contractor will do. Hope this helps! -Marc Quote Link to comment Share on other sites More sharing options...
starkmaster03 Posted July 5, 2017 Report Share Posted July 5, 2017 You don't need a FHA certified contractor for a 203k...just a licensed/insured contractor will do. Hope this helps! -Marc We just did this exact same thing at the end of 2016 and he is right about just needing someone licensed and insured. We did find a lot of contractors will not do them because of the extra steps and that some of them specialize in it. I can look up our contractor if you'd like. What type of work are you needing done? Quote Link to comment Share on other sites More sharing options...
BBQdDude Posted July 5, 2017 Author Report Share Posted July 5, 2017 Thanks marc . Chad, yes please. Will pm you as I am looking for recommends but we are looking at: bathroom gut/rehab siding windows carperting HVAC work Quote Link to comment Share on other sites More sharing options...
coltboostin Posted July 5, 2017 Report Share Posted July 5, 2017 You do need an FHA certified contractor for a FULL 203k. There is now a limited (steam K) and Full K as defined by FHA. Anyone can help you on a limited, but you need an FHA cert guy for a full. From your list, it could be either. 35k+ in repairs and/or structural work is usually the cut off for a full K. Your loan officer should be able to let you know which you are doing, and give you a full list of approved contractors in royu area. If your LO cant do both, you should really find a different LO. Working with someone thats is flying blind on a 203k can make the process absolutely brutal. Quote Link to comment Share on other sites More sharing options...
El Karacho1647545492 Posted July 5, 2017 Report Share Posted July 5, 2017 Thanks marc . Chad, yes please. Will pm you as I am looking for recommends but we are looking at: bathroom gut/rehab siding windows carperting HVAC work Harold Davis, Creative Services LTD. Specializes in bathrooms and kitchens, he loves doing tile. I can't remember if he has a degree, or just experience, but either way he has a strong background in graphic design, so he can put the pen to paper and then make it happen for you. http://creativeservicesltd.com/ Tell him Alex Caxide (pronounced Casheed) sent you. If he can't do it, he can probably recommend someone who will. Quote Link to comment Share on other sites More sharing options...
BBQdDude Posted July 6, 2017 Author Report Share Posted July 6, 2017 JP, I just sent my financier a text asking. Thank you. Alex, noted and thank you sir. Quote Link to comment Share on other sites More sharing options...
BBQdDude Posted July 6, 2017 Author Report Share Posted July 6, 2017 You do need an FHA certified contractor for a FULL 203k. There is now a limited (steam K) and Full K as defined by FHA. Anyone can help you on a limited, but you need an FHA cert guy for a full.. Seems I am stream not full . Quote Link to comment Share on other sites More sharing options...
AngryBMW Posted July 6, 2017 Report Share Posted July 6, 2017 You do need an FHA certified contractor for a FULL 203k. There is now a limited (steam K) and Full K as defined by FHA. Anyone can help you on a limited, but you need an FHA cert guy for a full. From your list, it could be either. 35k+ in repairs and/or structural work is usually the cut off for a full K. Your loan officer should be able to let you know which you are doing, and give you a full list of approved contractors in royu area. If your LO cant do both, you should really find a different LO. Working with someone thats is flying blind on a 203k can make the process absolutely brutal. He clearly stated in his original post it was for a streamline... Brian, I'm sure your lender has already walked you through the information on a streamline but this link may also be helpful: https://portal.hud.gov/hudportal/HUD?src=/program_offices/housing/sfh/203k Good luck! -Marc Quote Link to comment Share on other sites More sharing options...
BBQdDude Posted July 6, 2017 Author Report Share Posted July 6, 2017 He clearly stated in his original post it was for a streamline... Brian, I'm sure your lender has already walked you through the information on a streamline but this link may also be helpful: https://portal.hud.gov/hudportal/HUD?src=/program_offices/housing/sfh/203k Good luck! -Marc As always, thank you Marc. I will give it a good read over. They have covered my questions but knowledge is power; so I must read. Quote Link to comment Share on other sites More sharing options...
coltboostin Posted July 6, 2017 Report Share Posted July 6, 2017 He clearly stated in his original post it was for a streamline... I just wanted to clarify as it was a pretty extensive rehab list Quote Link to comment Share on other sites More sharing options...
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