Home Owners  >  How 203k Works
Find Your 203k Specialist

Find Your FHA 203k Renovation Mortgage Loan Specialist

203k Handbook

Real Estate's Best Kept Secret hand book about the FHA 203k Renovation Mortgage Loan Program

The Must-Have FHA 203k Renovation Loan Handbook for Home Buyers and Home Owners. Learn more ...

How the FHA 203k Works for YOU!

Learn how the FHA 203k Works

The following provides an overview of the basic steps in the process of completing an FHA 203k Renovation Loan purchase transaction. If you are a home owner desiring to make improvements to your current home, the process is similar, without of course, the requirement for Step 2 shown here. 

To make the most of your renovation loan experience, it's important to have a true expert guiding you through the process each step of the way. At REbuildUSA, we encourage you to see your 203k Specialist mortgage professional as your "Quarterback" -- leading you down the field to success with your renovation loan.

Step 1 - Submit your request to Find a 203k Specialist

Submit your request to "Find Your 203k Specialist" and we'll connect you with a specially trained 203k mortgage professional to discuss your needs, answer your questions and help you determine how much home you can afford.

 

We can also connnect you with a 203k Specialist Real Estate Professional

We can also connect you to a REbuildUSA 203k Specialist real estate professional to help you locate your new home and negotiate an accepted offer.

Step 3 - Your HUD 203k Consultant or Home Inspector visits the property

Your Home Inspector or HUD 203k Consultant conducts a property inspection, identifies FHA required repairs and your desired improvements -- then prepares a work-write up for your contractor bids.

 

Step 4 - You meet with your contractor at the property

Your contractor visits the property, reviews the work-write up and finalizes renovation pricing and specifications for your lenders review and approval.

Step 5 - Finalize the scope of work and selections and submit final bids to your lender

The final scope of work, selections and pricing are packaged along with required contract documents and submitted to your lender who schedules an appraisal to determine the value of your home after completion of the planned renovations.

 

Step 6 - on final approval, your loan is closed

On final approval, your loan is closed, improvement funds are placed in escrow, renovation begins -- and you're on your way to the home of your dreams!

There is absolutely no cost or obligation to connect with a 203k Specialist. You owe it to yourself to explore this amazing opportunity to own the home of your dreams, experience a better life and enjoy sound financial future. Find Your 203k Specialist to get started today!