Simply put, the FHA 203K, or other "renovation loan" is a type of mortgage that allows the buyer to purchase or refinance a property in Rochester, Buffalo, or Syracuse NY, and finance the renovation costs within the mortgage.
The Renovation Loan process is as follows:
We are the premier, certified FHA 203K HUD Consultant in Western NY. We work closely with the borrower, lender, and contractor to help ensure a smooth process from the initial inspection to completion of the project. The overall objective/responsibility of the 203K HUD Consultant is to ensure HUD’s minimum property standards are met and to provide the borrower, their lenders and their contractors with documentation such as project specifications, scope of work, cost estimates, etc. A 203K Consultant is like a project manager who works closely with you to coordinate and complete the many steps involved throughout the process. A Consultants responsibilities include, but are not limited to, the preparation of the:
Once the final inspection has been finalized and all lien releases have been collected, the project has been successfully completed.
Great Information for Refinancing, Home Buyers and First Time Home Buyers in Rochester, Buffalo, and Syracuse NY
Certified FHA 203K HUD Consultant Serving Rochester, Buffalo, Syracuse, Monroe County and surrounding areas, including, Webster, Penfield, Greece, Irondequoit, Fairport, Pittsford, Gates, Perinton, East Rochester, Henrietta, Spencerport, Chili, and Hilton NY