Buying a Fixer-Upper with an FHA 203(k): A Real-World Walkthrough
Follow a dated but solid house through an FHA 203(k), from the first walk-through to the final draw, so you know what happens at every step. Call 248-469-8460.
Can You Do the Work Yourself on a 203(k)?
Thinking about doing your own 203(k) repairs to save money? Here is what has to happen first, and the one question to put to your lender. Call 248-469-8460.
5 203(k) Mistakes That Cost Buyers Weeks (and How to Dodge Them)
The five avoidable 203(k) mistakes I see stall files for weeks, from lump-sum bids to starting work before permits, and how to dodge each one. Call 248-469-8460.
The Contingency Reserve: Why Your 203(k) Budget Has a Cushion
The 203(k) contingency reserve is the cushion in your renovation budget for hidden repairs. Here is why HUD requires it and what happens to what you do not use. Call 248-469-8460.
How 203(k) Draw Inspections Work and When You Get Paid
How 203(k) draw inspections work: escrow, the on-site inspection, the 10% holdback, co-payee checks, and the 5-business-day payout rule. Call 248-469-8460.
What a HUD 203(k) Consultant Actually Does (and Why You Want One)
Somebody told you your FHA 203(k) needs a “consultant,” and you are wondering what that is and why you would pay for one more person. Here is the honest answer, start to finish. It is not the same job as your home inspector.
Will Your 203(k) Deal Even Close? Here’s How I Find Out Before You’re In Too Deep
Here’s a number most people never hear until it’s too late. More FHA 203(k) deals get withdrawn than actually close.
What a 203(k) Consultant Actually Costs (I’ll Show You Every Fee)
More people call me nervous about my fee than about anything else on a renovation loan. Not the contractor. Not
Standard vs. Limited 203(k): Which One Fits Your House, and Do You Even Need Me?
There are two kinds of FHA 203(k) renovation loan, and nobody hands you a plain-English guide to telling them apart.
The Paperwork Behind a 203(k) Loan, and Who Actually Handles It
Here’s what nobody tells you before your first 203(k). The thing that stalls a renovation loan is almost never the