For Home Depot you can both research this at http://www.homedepot.com/renovationservices or call 1-800-395-8396. This is a service offered through these means and not at the store, since it is highly coordinated through Wells financing

At Home Depot this is not a store level program. The average store associate will not be able to help you with this program. We have specialized divisions focused on 203k and REO renovations. I work directly with the Home Depot program in GA, NC, SC, and KY. I would be more than happy to answer any questions you have concerning the program or 203k renovation loans. I have 14 years of real estate experience including licensed real estate appraiser, FHA review appraiser, real estate sales, and a Certified Mortgage Specialist Degree. This is an extreamly effective program and I would be very interested to listen to your concerns. Please feel free to contact me with any questions you may have.

Mitch Reames
Home Depot at Home Services
866-519-0173 Toll Free Direct
mitch_reames@propertymastersres.com

As stated below both Lowes and Home depot do this program. Wells Fargo is working exclusively with Lowes. Wells Fargo will provide the customer a check off sheet to bring to Lowes, then the Lowes store will take it from there. You can have your own contractor complete your scope of work, however Lowes has GC's that are on board and ready to go with this project. Lowes is very aware of this project just go to the commercial sales desk at any store and ask to speak to the sales manager.
Run,the 203k program has just hit the Lowes stores as of early August, most if not all Lowes stores should know what you are talking about now.

Hi Run,

As the agents before me have answered, most Home Depot or Lowe's sales associated are not familiar with the FHA 203K rennovation loan. Both stores do participate in the rehab program.

Did you know that you can bring your own contractor? Wells Fargo will qualify a contractor of your choice by running a credit check, background check, etc. on the business licensee. Once qualified, that builder/contractor can do more work than just your house. Others can request him/her as well.

It's a great way to get an unloved property looking spiffy & ready to move in!

Good luck,

Lynn

Runofluck,

The program offered through Wells Fargo is called Remodel Express and is a very effective 203K program. I am working with a buyer right now that is utilizing this program to purchase a foreclosure on the Northside that needs all appliances, a hot water heater, new A/C unit and carpet replacement. The buyer is able to finance the replacement of these items into the loan (the total value of loan plus replacements doesn't exceed the maximum allowed amount for the 203K program) and will have a home in great condition soon after closing on it.

The program is run through a special division of Home Depot, Lowe's, and Sears that the average sales associate may not know about. The buyer I referred to is working closely with her Wells Fargo loan consultant to coordinate the quotes with Home Depot. A specialized Home Depot representative completed all of the quoting and supplied the information to the Wells Fargo loan consultant and he's able to then work those details into her loan package.

Once the loan is approved and she closes on the property she'll have 90 days to complete the work (and it must be started within 30 days of closing). The buyer never sees the bills. Home Depot completes the work and submits the bills to the escrow agent and is paid directly from the escrow account set up for the work. It's pretty easy and hassle free for the buyer.

I would speak directly to a Wells Fargo loan consultant about the program instead of talking to the Home Depot or Lowe's associates.

If you need help with this type of program feel free to give me a call.

Scott Sullivan
Realtor
Prudential Network Realty
3535 Highway 17, Suite 10
Fleming Island, FL 32003

C: 904-327-5676
O: 904-269-1716
Scott.Sullivan@PrudentialNetworkRealty.com

Home Renovation Services is a SF&I program that provides customers who are eligible to
include basic renovation costs into their home mortgage with a trustworthy and qualified
General Contractor (GC) who will manage their entire renovation project from start to finish.
• Provides a single product and labor solution to meet all of the customer’s renovation
needs instead of using multiple Service Providers to manage multiple renovation projects
• Provides mortgage lenders and real estate agents with a simple, fast, and reliable
solution to recommend to homebuyers who need renovations done on their home
This program facilitates uncomplicated rehabilitation and/or improvements that are non-structural in nature
􀀹 Repair/Replacement/Upgrade of:
􀀹 Roofs, gutters and downspouts
􀀹 Existing HVAC systems
􀀹 Plumbing/Septic & electrical systems
􀀹 Flooring
􀀹 Exterior decks, patios, porches
􀀹 Windows, doors, exterior wall siding
􀀹 Minor remodeling, such as kitchens (non-structural repairs)
􀀹 Painting, both exterior and interior
􀀹 Weatherization, including storm windows/doors, insulation, weather stripping
􀀹 Purchase and installation of appliances, including free-standing ranges,
refrigerators, washers/dryers, dishwashers and microwave ovens
􀀹 Accessibility improvements for persons with disabilities
􀀹 Basement finishing, waterproofing & remodeling (non-structural repairs)
Major structural work
Landscaping (unless it addresses erosion
or drainage issues that have or may cause
damage to the home)
Pool installation, maintenance or repair
Removal of mold, asbestos or lead paint
• Provides customers with a single bid, single contract, and single point of contact for their entire home renovation project -
All backed by the Home Depot brand!
Note: This program is only available to customers working with a bank or lending institution for the purchase of a new home
or the refinancing of an existing home.

Customers must be pre-approved by a lending institution BEFORE they are
eligible for Home Renovation Services – most customers will learn about the
program from their mortgage lender.
Interested Customers should call 1-800-395-8396


NOT INCLUDED
Major structural work
Landscaping (unless it addresses erosion
or drainage issues that have or may cause
damage to the home)
Pool installation, maintenance or repair
Removal of mold, asbestos or lead paint


GEORGE S.
6616 SUNSET

Hi Run of luck,

Chances are the average worker at Home Depot doesn't know about the program. Lowe's and HD have the program.

If your mortgage counselor or your Realtor doesn't have the info, I'd suggest you call 1-800-445-6937 which is Lowe's Customer Care number and see where that leads you.

It's a real program.

All the best,

Katherine