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Which lender is easier to work with to get a 203k loan ?

I have a few investment properties with conventional loans. I would like to purchase a house as my primary residence but it needs major renovation. I am not even sure if I qualify for 203k since I have rental properties. I used FHA loan before but I refinanced and no longer has FHA. Can I get 203k loan and if you think yes then which lender would be  a better choice. Thank you for your advice. 
  • July 31 2013 - US
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Answers (7)

Any lender that does them regularly...you dont want somebody who only does 1 or 2 a year. I have been doing them for 13 years and have closed on hundreds of rehab loans. Let us know if we can help.
  • September 25 2013
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I can do them, but I don't. Just too much info I would have to learn. I have a friend at a local Wells branch that only does 203K. He turns all other loans away. 
That is the key, most lenders can do them. With this being a specialized loan, you need an experienced expert. I am smart enough to know when to send it out. Do I get the deal, no. Does the client get the proper service, yes. 
  • September 24 2013
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Don't look for a lender look for a loan officer with experience closing renovaton loans.  Big difference between offering the programs and experience closing with the program.  There are more steps to closing a Renovation loan, but it can still be done easily, smoothly and quickly.
  • September 21 2013
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I recommend CFS Mortgage. You can get their contact details by searching online. I know of several people who have had a good deal with this company.
  • September 21 2013
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We offer 203K Financing at Evolve Bank & Trust in Greenwood Village CO. Yes you are eligible for a rehab FHA 203K even if you have used FHA prior. Feel free to give us a call for a Free Quote and Analysis at [Phone removed by Zillow moderator. Please see our Good Neighbor Policy.]. Thank you
  • July 31 2013
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I am working with a company in Modesto who does 203(k) mortgages and also the EEM (Energy Efficiency Mortgage). If you would like more information, give me a call.
  • July 31 2013
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I don't know that there is an easy lender on a 203k, but Wells Fargo is large enough to handle disbursement.
  • July 31 2013
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