Are you looking to remodel your home and need this know what financial relief you can get? Well, HUD has made things easier by introducing the 203k loan for distressed homes and houses that are in dire need of serious repairs. This process of getting such a loan might seem a !little too complicated but the for thing you are required to do is to find a certified 203K contractor.
FHA 203k Loan is unique. It has a structure and guidelines that do not exist in typical remodeling processes. There is a compensation structure, rules, government procedures that most contractors never have to deal with. It is easy to get lost in the paperwork, if your contractor has not had the training and is not registered as certified 203k contractor. For the purpose of getting a loan, you will need to find a contractor in your area.
If you live in the new jersey area you can find reputable and experienced contractors by going on line an searching for 203k contractors NJ. If your online search proves to be inadequate, you can always consult the HUD/FHA database. You will find companies like ours listed. Contact us about your renovation issue, or contact us if you would like to know more about the FHA’s 203k contractor problem, we will be happy to answer all your questions and help you get started with your project.