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eryan2369

689 Posts

Posted - 06/23/2008 :  10:27:23 AM
I know its been a topic several times, but in searching I havent found any recent threads that recommend lenders in my area. Are there any lenders still doing 203k's?

I need lenders that do Alabama.

Thanks!
eryan2369

689 Posts

Posted - 06/23/2008 :  2:20:22 PM
bump?
Travis Du Bois

588 Posts

Posted - 06/23/2008 :  2:25:22 PM
Yeah I have been looking for one for up in WA myself and they are few and far between.
203K lenders speak up.
aloscig

73 Posts

Posted - 07/01/2008 :  1:05:38 PM
I can help you get 203k loans closed, we still offer the program. Also, you will be paid on the HUD like a normal loan. If interested, call me at 570-647-7422 or email me at aloscig@hcimortgage.com.
Axis Mortgage

41 Posts

Posted - 07/01/2008 :  2:34:49 PM
We offer FHA Streamline 203k Mortgages.

Please give me a call if you should have any questions,

eryan2369

689 Posts

Posted - 07/01/2008 :  2:37:53 PM
Brian, according to your signature, and your website, you dont lend in my state.
dkendall1979

8702 Posts

Posted - 07/01/2008 :  4:08:38 PM
WTF is that?

quote:
Originally posted by Axis Mortgage

We offer FHA Streamline 203k Mortgages.

Please give me a call if you should have any questions,



AK__47

577 Posts

Posted - 07/01/2008 :  4:16:00 PM
quote:
Originally posted by dkendall1979

WTF is that?

quote:
Originally posted by Axis Mortgage

We offer FHA Streamline 203k Mortgages.

Please give me a call if you should have any questions,







What they are called
dougj1

4 Posts

Posted - 07/02/2008 :  2:59:10 PM
Hi,
Please give me a call on your 203K renovation loan. We are licensed to lend in Washington.

Doug Jones
Broker Capital Funding
A Mason McDuffie Affiliate
408-438-6939 Cell
408-519-6520 Efax
djones@brokercap.com

Ask me about the FHA 203K Renovation Loan.
We currently accept submissions from approved brokers licensed in the following states: AL, AK, AZ, AR, CA, CO, CT, DE, FL, GA, HI, ID, IN, KS, MD, MI, MO, MT, NM, OH, OK, OR, TN, TX, WA and WY.
eryan2369

689 Posts

Posted - 07/02/2008 :  3:13:21 PM
quote:
Originally posted by dougj1

Hi,
Please give me a call on your 203K renovation loan. We are licensed to lend in Washington.

Doug Jones
Broker Capital Funding
A Mason McDuffie Affiliate
408-438-6939 Cell
408-519-6520 Efax
djones@brokercap.com

Ask me about the FHA 203K Renovation Loan.
We currently accept submissions from approved brokers licensed in the following states: AL, AK, AZ, AR, CA, CO, CT, DE, FL, GA, HI, ID, IN, KS, MD, MI, MO, MT, NM, OH, OK, OR, TN, TX, WA and WY.



You also lend in Alabama...but you only want to approve brokers with 5 years FHA approval. We have been approved 2 years...apparently 2 years isnt long enough for us to know what we are doing
dougj1

4 Posts

Posted - 07/02/2008 :  4:21:11 PM
Hey, thanks for the plug!
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clarenceworley

3813 Posts

Posted - 07/02/2008 :  4:35:37 PM
fha streamline k is a 203k with work under 35k. I wrote a bit about it
The New "Streamlined K" Mortgage: http://activerain.com/blogsview/52164/The-New-Streamlined-K
hbailey3

56 Posts

Posted - 07/03/2008 :  08:05:51 AM
Can someone help me out also I have a FHA 203 in Minnesota that I need done as well
Thanks
Annemieke Roell

563 Posts

Posted - 07/03/2008 :  08:55:03 AM
If you guys go to the HUD/FHA website you can read about 203K loans, approved lenders, guidelines, etc etc all day

www.hud.gov
MisterVA

5805 Posts

Posted - 07/03/2008 :  09:12:30 AM
The fees associated such as re-inspections, etc are part of the $35,000 in the streamlines, too.
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clarenceworley

3813 Posts

Posted - 07/06/2008 :  5:07:14 PM
There are warehouse line restrictions on 203k's- probably bigger haircuts- which makes them unattractive to lenders.

Try Freedom Mortgage as a wholesale source.
Imaroxstar

28 Posts

Posted - 07/06/2008 :  6:53:23 PM
203K's have helped me grow in this foreclosure market (central fl), however, my company no longer offers them. It is one of the best loan programs of its kind, especially the streamline. However, one can see the risk in giving a homeowner a 97% LTV rehab loan, in this market. Awesome loan for the right use.
kellamtom

609 Posts

Posted - 07/06/2008 :  7:03:40 PM
here's a 203k lender in texas and oklah

www.amswmtg.com
aloscig

73 Posts

Posted - 08/04/2008 :  06:49:33 AM
HCI Mortgage has a separate division that offers 203k lending. This division is licensed in 25+ states. For more information, call me at 570-647-7422 or email me at aloscig@hcimortgage.com.
GBoneske

99 Posts

Posted - 08/04/2008 :  06:53:03 AM
Countrywide still does this as well as the homestyle (Fannie's version of the 203K.)
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