What Are the Most Common Mistakes People Make with 203k Loans? (Avoid These!) ⚠️🏠

The 203k Renovation Loan is powerful, but these mistakes trip people up every time in 2026:

1. Picking the wrong lender (not all are experienced with 203k)
2. Underestimating timelines (Limited: 3-6 months, Standard: 6-12 months)
3. Choosing cheap/unlicensed contractors or skipping bids
4. Ignoring the contingency reserve (5-20% extra for surprises)
5. Unrealistic work write-up or non-eligible items
6. Poor communication with lender (delays draws)
7. Rushing or skipping the final walkthrough 
8. 
   
9. Watch this quick video to spot these pitfalls and save time, money, and stress on your project! Which mistake have you seen or made? Drop it below 👇 #203kLoan #HomeRenovation #FixerUpper #RenoMistakes #RealEstateTips