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Kurt Clements

"Government Mortgage Expert"
Experience:
Senior Vice President for GSF Mortgage July 2000—present
Specialties:
Kurt Clements specializes in government mortgage lending - specifically 203k Rehab loans, FHA, and VA mortgage lending. His lending background coupled ... show more
Certifications
& Awards:
Kurt Clements has earned his Certified Residential Mortgage Specialist designation.
Interests:
Kurt Clements is the Committee Chair for Cub Scout Pack 5 in Naperville, and ... show more
About:
Kurt Clements is a graduate of Illinois State University and is a Certified Residential Mortgage Specialist licensed in Illinois, Wisconsin, and Indiana. ... show more

as is Appraisal versus FHA 203k Aprasial

Kurt Clements answered:
Kenneth:

Do you have a lender? I ask because over the last few weeks you have had a ton of questions on the 203k program and he or she should have reviewed all ot these situations with you before you even started looking for homes. If you do have a lender, it appears you are very uncomfortable with them and recommend you find someone else.

The 203k appraisal is actually 2 appraisals - an appraisal as the property is now, and an appraisal on the property after the work is done. It should be about $600 if it is a single family residence. Usually the client does not share the appraisal with their realtor, but I don't think it matters either way.

Kurt Clements
Senior Vice President
GSF Mortgage
3933 75th Street
Aurora, IL 60504

Office: 630.806.7016
Cell: 630.430.1091

kclements@gsf-mortgage.com
http://www.gsfgovernmentloans. com - Tue Dec 29 2009, 09:39

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