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Icon Mini Profile gjearly





Joined: 06 Jan 2011

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Post Posted: Thu Jan 06, 2011 12:17 pm    Post subject: 203K
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203K loan-I'm looking for 203k lenders in Mobile,AL.
I just spend 4 months trying to close a loan with Allied Mortgage Company. They finally said that the Appraiser value of renovations only added $10,000 to property and they could not lend me funds for the renovation.

I need an experienced 203k lender for this area, can someone help me?
Icon Mini Profile adonis
adonis




Joined: 22 Oct 2005



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Location: ALASKA
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Post Posted: Thu Jan 06, 2011 7:40 pm    Post subject:
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Welcome gjearly,

You should contact other local lenders in order to get a 203k loan for the renovations. They will be able to let you know whether or not you'll qualify for a mortgage. This community has a large number of lenders. You can seek a no obligation free mortgage quote from them and get to know whether or not you can qualify for a mortgage.

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Paul Welden

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Post Posted: Fri Jan 07, 2011 7:35 am    Post subject: 203k lenders
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You can use Bank of America, Wells Fargo, etc. The list of 203k experienced lenders is found on HUD's website. Just do an internet search for HUD FHA Lender List and you will find the link to HUD's site.

The database of Certified 203k Contractors is located at the 203k Contractor Directory.
camille

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Post Posted: Mon Oct 17, 2011 9:13 pm    Post subject: 203K lenders in Mobile AL
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NFM INc.
1110 Hillcrest Road Ste. 2A
Mobile, Al 36695 251-635-1955

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Icon Mini Profile smithsussane
smith.sussane




Joined: 18 Sep 2008

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Location: Alaska
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Post Posted: Mon Oct 17, 2011 10:17 pm    Post subject:
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Thank you for the address, Camille!! Smile
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