I recommend speaking with Dennis Fontes at Go Green Lending. He has been doing EEM and Streamline 203K loans for years and is the best resource that I know of in the Long Beach/Greater LA area. Find him through his website, http://www.GoGreenLending.com.
Best of luck. Be sure to ask him about the Energy Efficient Mortgage (EEMs) that are available through FHA. They are unbelievably simple, yet effective products that give you the power to make your home healthier, more efficient and eco friendly!
REALTOR, Certified Green Building Professional (CGBP)
Coldwell Banker Coastal Alliance
To date, the only lender I know that has successfully closed 203K deals is Wells Fargo. They have specific loan officers and processors that do these loan exclusively. Contact your local loan officer and as them to send you to the local 203K specialist.
I have also heard that Prospect Mortgage is handling FHA 203K loans, but have no experience with them funding these loans.
Good luck to you and your client. Dare to Dream.
National Renovation Lending Manager
Office 303-455-6926 | Mobile 303-525-3568
Licensed in AL, AK, CA, CO, CT, DE, DC, FL, GA, HI, ID IL, IN, IA, KS, KT, MN, MD, MO, MN, NE, NV, NH, NM, NC, OH, OK, OR, PA, SC, SD, TN, TX, UT VT, WA, WY
I am in Pennsylvania and I occasionally use Sunsest which is a California based company and has both a retail and wholesale operation.
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