What is a 203k?

The 203k Rehabilitation loan is an FHA insured loan designed to get you the money you need to renovate the home you’re trying to buy OR to renovate your existing home. 

Because it’s a federal program, the rules are convoluted, confusing and cumbersome (go figure). As a result, the lenders that participate in this program require a Consultant to prepare the stack of construction documents needed to underwrite the loan.

Randy has been doing 203k work since 1998 and has been involved in more than 100 renovation projects. 

Randy is one the most experienced and reputable 203k Consultants in the Seattle area. He has the know-how and work experience to guide you smoothly through the process. 

Don’t be dismayed by the naysayers and negative-nillies that may have had a bad experience with FHA or the 203k process in the past. Be especially suspect of lenders who say that the 203k program may not be the best for you. Either they don’t have enough experience with the program or they’re not certified to underwrite the loan.
 
The FHA 203k Rehabilitation loan, when utilized correctly, is an outstanding opportunity to renovate your home using some of the cheapest money available today. However, it’s critical you have the right experts on your side.

If you’re interested in an FHA 203k Renovation loan, call Randy first--even before contacting a lender or starting your house search. He’ll get you started down the right path. If you want all the specific details of the program as outlined by HUD, go here.