FHA 203k Consultant

Definitely speak to the bank you are working with for the buyer. They typically coordinate that. Beware the closing date will be pushed back at least 45 days when working with a 203k. Todd Cosper @ Movement mortgage.. He does some FHA loans that can close quick with similar programs for improvements for FHA. I think the limit is 2,000 for improvements. He is good about explaining and has a lot of knowledge to offer on this type of loan. I was working on one where he was doing similar to 203k program but it closes a LOT quicker (10-12 days total). I can't remember the name of the program though. Sorry! He is in the metro ATL area though so maybe ask if he can help or point you in the right direction :)

If I can help any further or you want his contact info email me Donna@dickasonlaw.com

Replies

Donna Marie Cantrell November 26, 2014 at 4:38pm

Definitely speak to the bank you are working with for the buyer. They typically coordinate that. Beware the closing date will be pushed back at least 45 days when working with a 203k. Todd Cosper @ Movement mortgage.. He does some FHA loans that can close quick with similar programs for improvements for FHA. I think the limit is 2,000 for improvements. He is good about explaining and has a lot of knowledge to offer on this type of loan. I was working on one where he was doing similar to 203k program but it closes a LOT quicker (10-12 days total). I can't remember the name of the program though. Sorry! He is in the metro ATL area though so maybe ask if he can help or point you in the right direction :)

If I can help any further or you want his contact info email me Donna@dickasonlaw.com
Wayne Brooks November 11, 2014 at 12:15pm

The 203k lender usually picks the consultant.

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