Open a block of new business you didn't even know existed. Unlock your full potential as a residential contractor with our expert contractor training services. At the forefront of the industry for over 30 years, we specialize in training for contractors involved in FHA 203k and HomeStyle® Renovation Mortgage ...
The 203(k) loan is a powerful financial tool that enables borrowers to streamline property purchase or refinancing while financing essential rehabilitation costs within a single loan. What sets it apart is its fully disbursed nature, allowing HUD to insure the 203(k) loan right after closing. The loan amount is determined based on the projected property value upon completion of the work, taking rehabilitation expenses into account. Thanks to HUD's commitment to promoting this program, originating and closing 203(k) loans have become more accessible than ever. Consider working with a consultant to make the most of this opportunity.