Profile picture for user5327834

FHA 203 k loan program

I hear that Wells Fargo or Fidelity Mortgage are very good with the FHA 203k loans - has any one have - Loan Officiers name or a different source ? Thanks Manny
  Flag content
Close
Report a Problem

Please enter a valid email address.

Close
Content flagged

We will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.

Close
We're Sorry
This service is temporarily unavailable. Please come back later and try again.
December 20 2012 - Orlando
We think we've answered this question for you!
  • Be a Good Neighbor. Be respectful and on-topic. No spam or self-promotion! See our Good Neighbor Policy.
 
 

Answers (6)

The Mortgage Firm, Inc. of South Florida.
  Flag content
Close
Report a Problem

Please enter a valid email address.

Close
Content flagged

We will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.

Close
We're Sorry
This service is temporarily unavailable. Please come back later and try again.
December 24 2012
Wells Fargo is the largest 203k lender by volume, which also means they have slower processing times compared to a lot of other lenders because of the large number of 203k's they do. Wells Fargo also tends to be a bit more restrictive with some additional overlays compared to other 203k lenders. Wells Fargo requires their 203k lenders to only do renovation loans, which means they are well versed with 203k and have a dedicated team of processors and underwriters dedicated to only doing renovation loans. So, if you don't mind slower processing times, more rules and a potential longer closing, Wells Fargo can be a good choice.

Depending on where the property is located, other lenders to consider are Academy Mortgage (Mike Wilcox - National Renovation Manager), AnnieMac Mortgage (Jeff Onofrio - National Renovation Manager), Waterstone Mortgage (only Streamline 203k) and Prospect Mortgage. 

You many contact me directly for their contact information. 

Don't forget to use a Certified 203k Contractor for the proposal and renovations. 
  Flag content
Close
Report a Problem

Please enter a valid email address.

Close
Content flagged

We will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.

Close
We're Sorry
This service is temporarily unavailable. Please come back later and try again.
December 20 2012

Ask your lender if they have ever closed an FHA 203k loan. It is important to have a lender who knows what they are doing regarding FHA 203k Loans. If they have not done one, then ask a local Realtor for contact info for someone who has.

  Flag content
Close
Report a Problem

Please enter a valid email address.

Close
Content flagged

We will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.

Close
We're Sorry
This service is temporarily unavailable. Please come back later and try again.
December 20 2012
Maybe your buyer agent can refer you to a lender who is experienced on this product?
  Flag content
Close
Report a Problem

Please enter a valid email address.

Close
Content flagged

We will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.

Close
We're Sorry
This service is temporarily unavailable. Please come back later and try again.
December 20 2012
I can highly recommend FBC Home Loans. They know the 203 (k) mortgage product very well. This past January FBC offered a 203 (K) certification course to Realtor's that I attended and became certified.

Feel free to contact me for my lenders contact information.

Best,
Nick Russo
  Flag content
Close
Report a Problem

Please enter a valid email address.

Close
Content flagged

We will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.

Close
We're Sorry
This service is temporarily unavailable. Please come back later and try again.
December 20 2012
Wells has a lot of experience with the 203K rehab loans. There are a lot of rules and you have to speak to one of their 203K experienced loan officers and they are not in every office. Their expert will explain the program and how to make it work.

tim
  Flag content
Close
Report a Problem

Please enter a valid email address.

Close
Content flagged

We will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.

Close
We're Sorry
This service is temporarily unavailable. Please come back later and try again.
December 20 2012
 
Related Questions
Need help/advice buying a single family home near Florida Hospital-Celebration
Profile picture for Geofrey Merino
Latest answer by Geofrey Merino
July 08 | 4 answers
FREAKING OUT!!!!!!!
Profile picture for Joshua Lerette
Latest answer by Joshua Lerette
June 30 | 4 answers
Under contract...now what?
Profile picture for Diana Watson
Latest answer by Diana Watson
June 04 | 3 answers
Buying in Orlando Florida!
Profile picture for DanaTrivino
Latest answer by DanaTrivino
May 31 | 10 answers
What is the balance to close on a residential real estate contract?
Profile picture for Ofe Polack
Latest answer by Ofe Polack
May 26 | 3 answers
Mortgage Rates
 
Be A Good Neighbor

Zillow Advice depends on each member to keep it a safe, fun, and positive place. If you see abuse, flag it. More on our Good Neighbor Policy.

Homes for Sale
  1. 10634 Sun Villa Blvd, Orlando, FL Home For Sale
    10634 Sun Villa Blvd, Orlando, FL 32817

     For Sale: $179,900

    • Beds: 3
    • Sqft: 1504
    • Baths: 2.0
    • Lot: 6534
  2. 715 Virginia Woods Ln, Orlando, FL Home For Sale
    715 Virginia Woods Ln, Orlando, FL 32824

     For Sale: $169,900

    • Beds: 3
    • Sqft: 1684
    • Baths: 2.0
    • Lot: --
  3. 3811 Ventura Pl, Orlando, FL Home For Sale
    3811 Ventura Pl, Orlando, FL 32822

     For Sale: $240,000

    • Beds: 4
    • Sqft: 2637
    • Baths: 2.5
    • Lot: --