Remodel & Renovate in Oviedo>Question Details

miguellopezj…, Home Buyer in Orlando, FL

How do I get pre-qualified for an fha 203k loan ?

Asked by miguellopezjr1972, Orlando, FL Mon Aug 19, 2013

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Call 407-924-2266 - Evelyn Parker We are Embrace Home Loans Easy 203k Streamline 203k.
0 votes Thank Flag Link Mon Aug 19, 2013
The credit and income qualification for a 203k is exactly the same as for the regular FHA.

However, I STRONGLY recommend you carefully select a local 203k expert. While the qualifying part is just like a regular FHA the repair portion and underwriting can get tricky and should be handled by 203k experts. The contractor should also be 203k experienced. Allow 45 to 60 days from start to finish

Good luck
Bill Ladewig
FHA Guru
NMLS 291249
0 votes Thank Flag Link Mon Aug 19, 2013
Hi, I am an A+ lender on the Better Business Bureau and I can absolutely help you with your FHA 203K loan. Give me a call or send me an email with a good time to call you and we can get the process started.

All the best,

Fritz Walter
VP of Retail Sales
Toll free: 800-359-1996 x551
Direct: 203-783-4551
Alt email:
NMLS ID: 387922
Visit my webpage:
Company Website:
Total Mortgage Services, LLC - NMLS #2764
Licensed in: CT, FL, MD, NJ, NC, SC, TX, VA
Total Mortgage Licensed in: AR, CA, CO, CT, DE, DC, FL, GA, IL, KS, ME, MD, MA, MI, MS, NE, NH, NJ, NY, NC, OH, PA, RI, SC, TN, TX, VT, VA, WV, WA

Total Mortgage offers a complete selection of mortgage programs including:
Conventional, FHA, FHA 580-639 FICO, FHA 203 Renovation (Streamline & Consultant), HomePath, VA, VA IRRL, USDA, Jumbo financing , and No Income or reduced income. Portfolio, jumbo, and conventional programs offered for self-employed borrowers as well.
0 votes Thank Flag Link Mon Aug 19, 2013
It is like getting pre-qualified for a regular FHA loan. The process of purchasing of course is much longer and more complex but the process of pre-qualification is more or less the same. Wells Fargo offers 203K loans be sure to leave at least 60 to 90 days for your closing time as they take a lot of time to process these types of loans.

Hope this helps.

Abraham Bidhendi
Top Producer Realtor® with over 26 years of experience
Awarded as Exit's TOP Buyer side Transactions for the State of Florida
We have had 142 successful transactions during the past year alone.
Exit Realty Access, LLC
Direct: (407) 744-2533
Fax: (407) 444-9925
Kissimmee Office: 391 N. Main St., Kissimmee, FL 34741
Altamonte Springs Office: 660 Palm Springs Dr., Suite D, Altamonte Springs, FL 32701
0 votes Thank Flag Link Mon Aug 19, 2013
I would recommend contacting FBC Mortgage - they have a whole team that specializes in 203k loans. Barbara Dini is great to work with - (407)215-9123
0 votes Thank Flag Link Mon Aug 19, 2013
You can speak with most any mortgage broker about a 203K loan. Some of them do more than others. They do involve getting estimates from licensed contractors that are on their approved list, but your prequalifing is the same as getting any loan. The property would also need to meet qualifications (it must appraise at the sales price plus the needed repair amount). If you need a few mortgage broker recommendations, let me know and I can put you in touch with a few that I have worked with on a 203K loan before. Best of luck to you!
0 votes Thank Flag Link Mon Aug 19, 2013
Simply call a lender or go to their website and apply. They will be able to tell you fairly quickly. I recommend calling Clarissa at Synergy Mortgage at 407-359-1255 x 104
0 votes Thank Flag Link Mon Aug 19, 2013
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