If you need assistance finding a home I will be more than happy to work with you.
Barbara Gordon, Realtor
C.B. Hearthside Lahaska
Once you have the "go ahead" from them, then we start your search!
The best thing to do is document the history on his job - when he was employed, when he was laid off etc...
You should also try to get a letter fromt the Union stating that he is guaranteed some employment.
All lenders are going to average his income over at least the last 2 years.
Getting a 203k is slightly more strict from getting a regular FHA because of the extra risk involved.
No lender wants to lend on a home that's not livable yet, + additional construction costs and find that the borrower can't pay the mortgage.
Best thing to do is get Pre-Appoved for this type of loan.
Give me a call to discuss.