Home Buying in Massachusetts>Question Details

Leandro, Home Buyer in Framingham, MA

FHA 203k loan in MA

Asked by Leandro, Framingham, MA Tue Jan 25, 2011

Hey guys, I would like to get some advice about a good loan company that works with FHA 203k loan.

Thank You.

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Answers

8
Hi Leandro,

You can use HUD's site to search for 203k lenders. Go to http://www.hud.gov/ll/code/llslcrit.cfm .

Also, when doing a 203k loan, make certain that you use a contractor with 203k experience or at least has been properly educated on the 203k. These Certified 203k Contractors are located at http://203kContractors.com, which is the contractor directory for the FHA 203k loan.
Web Reference: http://203kContractors.com
2 votes Thank Flag Link Wed Jan 26, 2011
Hi,

My name is Mark Alvarez and I specialize in 203k Renovation Loans. I am happy to answer your questions. I can be reached at ph# (781) 424-8905.
(NMLSR #404257).
Web Reference: http://www.mark-alvarez.com
1 vote Thank Flag Link Sat Mar 17, 2012
CFS Mortgage has partnered with Renovation Ready to bring you a team of experts that will help you go through with getting approved of 203k loan. For more information, visit http://www.cfs203k.com/
0 votes Thank Flag Link Sun Sep 8, 2013
From my experience with 203k loans, the best advice is to use a lender that offers assistance via third party with 203k processing.
This shortens the closing time by weeks. Try http://www.cfs-mortgage.com/203k for more information.
0 votes Thank Flag Link Sat May 25, 2013
ask your own lender with whom you do business for a referral if they can't help you.
0 votes Thank Flag Link Wed Jan 26, 2011
HUD has a approved lender list. Type in the information on the web page to find a HUD approved 203k lenders. Just based on the town you have listed in your profile these are the approved 203k lenders near Framingham that have done a 203(K) loan in the last 12 months

MORTGAGE PROFESSIONAL FINANCIAL GROUP
2 VERNON ST
FRAMINGHAM, MA 01701
MIDDLESEX County
Telephone: (508) 370-0111 FAX Number: (508) 620-5011
E-Mail Address: ericsiegel@themortgagepros.biz

MORTGAGEWORKSHOP INC
120 CONCORD ST STE 7
FRAMINGHAM, MA 01702
MIDDLESEX County
Telephone: (508) 626-8400 FAX Number: (508) 626-8404
E-Mail Address: cynthia@mortgageworkshop.com

I hope this helps.
Ed Mendelson
203(K) Consultant
0 votes Thank Flag Link Wed Jan 26, 2011
Jay Austin, Star Mortgage - 508-941-5616. He is the best for all types of loans but does specialize in 203k's.
0 votes Thank Flag Link Tue Jan 25, 2011
Have you asked your Buyer Agent? I'd be happy to refer you but I don't want to step on your Agent's toes, so to speak. I currently have a client that is in the process of a 203K.
0 votes Thank Flag Link Tue Jan 25, 2011
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