Financing in Milwaukee>Question Details

n, Both Buyer and Seller in 90210

Are there any banks/lenders in or near Milwaukee, Wisconsin that do FHA 203k loans?

Asked by n, 90210 Tue Nov 20, 2012

My wife and I are interested in purchasing a $100,000 home and investing an additional $80-100,000 to rehabilitate it and bring it back to it's previous value. We cannot find any banks or lenders that offer any sort of rehabilitation loans anymore.

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Answers

10
Mandy Fritsche, Prospect Mortgage
Mortgage Loan Officer
NMLS# 557211
262-327-5700 Cell
877-868-9198 Fax
mandy.fritsche@prospectmtg.com
http://www.MyProspectMortgage.com/mfritsche
0 votes Thank Flag Link Tue Apr 16, 2013
Possible lenders that can Help you, below:

1. GUARANTY BANK FSB
Address: 4000 W BROWN DEER RD
BROWN DEER, WI 53209
Phone: (414) 362-4000
- 1.4 miles from Milwaukee, WI

2. SHELTER MORTGAGE COMPANY LLC
Address: 7901 W BROWN DEER ROAD
MILWAUKEE, WI 53223
Phone: (414) 362-4640
- 1.5 miles from Milwaukee, WI

3. UNIVERSAL MORTGAGE CORPORATION
Address: 12080 NORTH CORPORATE PARKWAY
MEQUON, WI 53092
Phone: (262) 292-0300
- 5.7 miles from Milwaukee, WI

Best of Luck,

Josh Barnett, Realtor
Metro First Realty
Web Reference: http://www.1ListingFee.com
0 votes Thank Flag Link Mon Dec 24, 2012
Sure, we do them. Pete Cannon, Wells Fargo Home Mortgage, Thank you
0 votes Thank Flag Link Mon Dec 24, 2012
Hi David,
I've had several buyers that have financed using this type of loan.
Contact:
Patty Napgezek at Inlanta Mortgage
Phone: 262-754-6471
Cell: 262-490-9050
E-mail: patricianapgezek@inlanta.com

She has done these loans for my clients and does a great job! Contact her and she will be able to qualify you up front.
If you need a realtor, please give me a call.
0 votes Thank Flag Link Tue Nov 20, 2012
Waterstone mortgage does, prospect mortgage and maybe wells Fargo.
0 votes Thank Flag Link Tue Nov 20, 2012
Hi David,

Try reaching out to Patty with Inlanta Mortgage. I am a licensed Realtor that specializes in located investment property and rehab opportunities with a background in interior design. If you aren't currently working with an agent, I would be happy to help!

Thanks,
Sarah Floyd
414-758-3223

Contact Info:
Patty Napgezek
Senior Loan Officer

Phone: 262-754-6471
Mobile: 262-490-9050
Email: patricianapgezek@inlanta.com
Brookfield North
Inlanta Mortgage
611 N. Barker Road
Suite 200
Brookfield, WI 53045
0 votes Thank Flag Link Tue Nov 20, 2012
Yes.
Call, text or email me.
262.227.9049
aburkett@cbhsr.com
0 votes Thank Flag Link Tue Nov 20, 2012
I know of 2 lenders that will do the Rehab loans, I have recently helped 2 satisfied buyers obtain 203K loans in this area. I believe they have a cap on how much additional monies can be loaned above the purchase price. Give me a call, I'd be happy to discuss the possibilities with you.
April
414-617-6728
0 votes Thank Flag Link Tue Nov 20, 2012
Yes.
Call, text or email me.
262.227.9049
aburkett@cbhsr.com
0 votes Thank Flag Link Tue Nov 20, 2012
Here is a great contact. Let me know if you need assistance in purchsing the home. Mona Elmore, http://www.MonaElmore.com, monaelmore@remax.net

Prospect Mortgage is:

· #1 HomePath Renovation Approved Lender

· 8th Largest Lender in the Country

· 3rd Largest FHA Purchase Lender

· 2nd Largest 203k Lender in the Nation – Banked Loan where we handle servicing & draws

· Largest REO Financer in the Nation



I am able to do

· Conventional

· FHA down to a 580 credit score

· FHA 203k Rehab down to a 620 credit score

· VA

· Rural Housing

· HomePath

· HomePath Renovation

· HomePath Investors up to 10 properties

· Homestyle (investor rehab loan)


RENOVATION LOANS ON AVERAGE CLOSE IN 45 DAYS!!!


Rates are more than competitive with the banks. We closed over $9 billion in Mortgage business ONLY last year. We don't have local branches with checking or savings depositories, we are a $3.5 billion dollar equities firm.


Thanks,

Mandy Fritsche, NMLS# 557211

Sales Manager - Wisconsin

Prospect Mortgage

262-327-5700 Cell, 877-868-9198 Fax

Mandy.fritsche@prospectmtg.com
0 votes Thank Flag Link Tue Nov 20, 2012
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