Reply To: FHA 203K Consultant and Contractor Recommendations?

Home Forums Home Renovation FHA 203K Consultant and Contractor Recommendations? Reply To: FHA 203K Consultant and Contractor Recommendations?

Welcome to Newburgh.
I went through that entire process in 2010-2011. I would advise you to use a contractor who is either a) experienced with FHA 203Ks, or b) inherently organized and able to communicate effectively with the inspector ( I used Doug Myers at Home Pro NY) and the mortgage broker.

I don’t know how run-down your house is, but mine was abandoned for years so was in terrible shape. Your inspector will likely miss some things, or if the maximum loan amount is at or exceeds the amount it takes to get the required repairs done, then you’ll have a headache. You may get nothing from your “wish list,” and may find, like I did, that large necessary repairs were missed on the initial write-up (mine was some major roof repairs that were only uncovered after initial demo.

Well, it’s a bit of a struggle, but I’m sure it will work out in the end. Today I’m the happy owner of a 140 yr old house that only needs some minor work on a somewhat daily basis!

Cherry

Newburgh Vintage Emporium is Expanding with Ware-house

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