Comments on: The FHA rehabilitation loan http://evanswanson.com/general-mortgage-info/first-time-homebuyer-general-mortgage-info/low-down-payment/fha-low-down-payment-mortgage-programs-general-mortgage-info/the-fha-rehabilitation-loan/ Evan Swanson (NMLS 120856), a mortgage professional and CERTIFIED FINANCIAL PLANNER™ with Mortgage Trust, Inc. (NMLS 3250) in Portland, shares his knowledge, thoughts & advice on mortgage & financially related topics Mon, 28 Nov 2011 18:05:04 +0000 hourly 1 http://wordpress.org/?v=3.3.2 By: Paul Welden http://evanswanson.com/general-mortgage-info/first-time-homebuyer-general-mortgage-info/low-down-payment/fha-low-down-payment-mortgage-programs-general-mortgage-info/the-fha-rehabilitation-loan/comment-page-1/#comment-1527 Paul Welden Fri, 04 Feb 2011 21:54:31 +0000 http://www.evanswanson.com/?p=2416#comment-1527 HI Evan. Great info on the Streamline 203k. You mentioned the requirement of a contingency reserve for the Streamline, but this is a lender overlay and not a HUD guideline. I know you know this but consumers reading this may not understand the difference and we just wanted to offer a bit of clarification. Scott's comment (12/9/09) about the Streamline 203k being difficult is not really accurate. As with any program with many moving parts and active participants, it is only complicated when using professionals without the proper knowledge, experience, education and training. So, we are happy to see Evan share is vast knowledge on the 203k Streamline. One of the important people involved in the 203k process is the contractor, who should be properly educated and knowledgeable with the 203k. Well, there are Certified 203k Contractors listed on the 203k Contractor Directory at http://203kContractors.com that will aid in the success of any 203k. HI Evan. Great info on the Streamline 203k. You mentioned the requirement of a contingency reserve for the Streamline, but this is a lender overlay and not a HUD guideline. I know you know this but consumers reading this may not understand the difference and we just wanted to offer a bit of clarification.

Scott’s comment (12/9/09) about the Streamline 203k being difficult is not really accurate. As with any program with many moving parts and active participants, it is only complicated when using professionals without the proper knowledge, experience, education and training. So, we are happy to see Evan share is vast knowledge on the 203k Streamline.

One of the important people involved in the 203k process is the contractor, who should be properly educated and knowledgeable with the 203k. Well, there are Certified 203k Contractors listed on the 203k Contractor Directory at http://203kContractors.com that will aid in the success of any 203k.

]]> By: Scott http://evanswanson.com/general-mortgage-info/first-time-homebuyer-general-mortgage-info/low-down-payment/fha-low-down-payment-mortgage-programs-general-mortgage-info/the-fha-rehabilitation-loan/comment-page-1/#comment-672 Scott Wed, 09 Dec 2009 15:55:35 +0000 http://www.evanswanson.com/?p=2416#comment-672 Great article! The FHA streamline/rehabilitation loan is very complicated. Thanks for the great summary. Great article! The FHA streamline/rehabilitation loan is very complicated. Thanks for the great summary.

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