I recently had a borrower who utilized a 203K product to buy and renovate a personal residence. While I have had several experiences with various lenders, this was an incredibly difficult loan and the lender my client used was a star. After weeks of meetings and budgeting and bank approval, a highly recommended, 203K-experienced contractor backed out the week before closing. This requied all new paperwork and coordination with a new appraiser, after the first appraiser couldn't evaluate correctly for after repaired value. It took five extensions to get this closed, a very patient seller, and a tenacious lender. None of the problems were created by this lender, but he was a star in getting the deal done. Highly recommend him for attitude and experience, not to mention fortitude for 203K loans!
You can visit our websites at http://www.TrueCraft.net or http://www.GravityConsultingGroup.com
or call me directly at 678-873-5260.
Thanks, and Good Luck.
Home Mortgage Consultant
Wells Fargo Home Mortgage
5006 Thoroughbred Lane
Brentwood, TN 37027
203k is her specialty. They also offer the Full 203k loan (as opposed to the Streamline 203k which caps at 35k). Full 203k is hard to find in Nashville - I don't know anyone else that offers it.