Mike's 203k Blog

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Home Inspector - 203kOnLine.com, covering California & most other states - S0289
203k loans, the hottest renovation loan product on the market. Offering quick closings on homes that require repairs.
Log cabins and the FHA 203k renovation program Can I renovate my log cabin with an FHA 203k loan? Why not, it is a home and in most cases has a foundation so it is a candidate for the program. It is odd but we get asked that a number of times each year. Again last Friday.  The client is purchasin...
As The Dust Settles--Napa Homeowners Wonder About Their Options     RE/MAX Gold Hosts the first in a series of Earthquake Relief Workshops to Help Homeowners Navigate Their Home Renovation Options Napa, CA, August 30th, 2014:  “We express our sincere regrets for any losses that Napa residents may...
We will be having a FREE event for the victims of the earthquake and the numbers keep growing . Three days ago there were 200 homes affected then two days ago it was up to over 600 yellow tagged homes in Napa and Sonoma Counties.  What do you do? How do you recover? Did you have insurance to make...
4" OG or Oh Gee as some call it and it comes in several sizes but has a similar shape. I've seen 4", 5" and 6"  1/2 Round Gutter  5 1/4" Fascia Gutter is typically for use on a roof that has 2x4 rafters as when they are cut at a 4:12 pitch the result is a 5 1/4" edge as you can see it come sin tw...
My 203k consultant isn't doing a good job of managing the contractor! Well, I don't know how to put this any other way but "it isn't the consultant's job to manage the contractor" so he or she shouldn't be expected to do that. 1) The consultant is a consultant when first hired. They will consult ...
Self Help under the FHA 203k loan guarantee program Yes, there is a provision for "self help" under the FHA 203k program but they aren't carte blanc. Some lenders allow self help ONLY if the borrower is a licensed contractor in the state where the project is located. Many lenders DO NOT ALLOW SEL...
Would you believe I'm about to turn 67 years old in a few weeks? I cannot believe it. My mother passed away at 54 years of age. Let's get back to the topic of today. We have an outstanding loan officer who is specializing in the 203K and located in the Roseville California area. She is Sheri McLa...
203k consultant and lender software version update Our latest update has just been uploaded to our website for all lender and consultant users. Please go to the site, if you are already using v11 then this is a free upgrade.  Thank you for your continued support. We appreciate your business. If y...
FHA 203k - HUD is getting back to strict adherence to the guideline This may be good or bad for you and your client. It is impacting one client that I'm aware of right now on a commercial building that he wants to turn into a residential use or mixed use building.  The guideline has always been v...
Sewer lateral inspections are an everyday occurrence and that comes part and parcel with a $4500 refundable deposit that each buyer must put in play to insure the work gets completed in a timely manner. This is a requirement on every sale. It is a pretty simple test where a camera is run through ...

Mike Young

FHA 203k Consultant 707-812-7668
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