9/18/2024
The short answer: Yes
When you embark on your FHA 203k journey, one thing you WILL need for sure, no questions asked, is a good contractor.
| We often get questions like... | Here is a short list of "restrictions" that you need to make sure you contractor can pass. | What else should you be looking for? |
- Is there a FHA 203k Contractor list? NO - Do I HAVE to use an 203k Contractor? NO - What do I need to look for? Thats the right question. | 1. CAN NOT be related to the borrower(s) 2. Is your contractor license and bonded? (if applicable in your area) 3. Does your contractor have insurance and workman's comp? 4. Does your contractor have good referrals from clients, suppliers, and bank officials? | 1. Can you contractor work with little or no money down? 2. Can your contractor put the bid into the proper format? 3. Can your contractor deliver a bid quickly? 4. Does your contractor have any prior FHA 203k Experience? (most important) Makeover Can help! Check out our preferred contractor coverage! |