Gopal, Both Buyer and Seller in Queens, NY

hi, i need a 203k approved contractor to completely renovate my home in nassau county, ny

Asked by Gopal, Queens, NY Wed Sep 22, 2010

Help the community by answering this question:


Hi Gopal.

HUD/FHA do not have any restrictions for contractors doing work under the FHA 203(k) loan program. In fact, HUD/FHA do not even require a contractor to do the work (see that detailed info here ). HUD/FHA allow the lenders making the loans to determe any restrictions/guidelines regarding contractors for the FHA 203(k) loan program. So, check with your lender to learn about any overlays (restrictions/guidelines) that lender has for the 203k loan.

Contractor Directory for the FHA 203(k) Program
(480) 463-4663
Web Reference:
2 votes Thank Flag Link Sat Sep 25, 2010
Hi Gopal,

You can find 203k Contractors by going to the 203k Contractor Directory located online at . There you will find the knowledgeable/experienced contractors for the FHA 203k loan program. All contractors listed have completed a rigorous 7-step approval process which includes education, testing, consultation, and verification of license, insurance and references.

Contractor Directory for the FHA 203(k) Program
(480) 463-4663
Web Reference:
1 vote Thank Flag Link Sat Sep 25, 2010
You can also ask your loan officer for a list of approved contractors--or you can choose to work with any licensed contractor, as long as he/she submits the required paperwork is submitted to the lender.
1 vote Thank Flag Link Thu Sep 23, 2010
Here's my advice--Get a 203K Consultant to inspect the property, even if it’s a Streamline. He will write a full unbiased scope of work or job specifications and price everything out based on what the average contractor would charge. Find any contractor that is both licensed and insured. You can than take his report and have the contractors match his numbers. Stay away from the lenders contractors and Home Depot. You will pay more in the end.

Garrett Feis
0 votes Thank Flag Link Wed Sep 29, 2010
There are a number of reputable general contractors in your area offering home improvement or remodeling services. One guy you should talk to before making a final decision is Lou at Turtle Contracting, . He's based in Lindenhurst (Suffolk County), but is licensed/insured for Nassau County also. He's been around for more than 20 years but ask for references for your own piece of mind.
Web Reference:
0 votes Thank Flag Link Wed Sep 29, 2010
Paul @ is right. HUD leaves the policy making to the lender. Your first stop (and call) should be your lender. Ask:

1. Do they allow self help? HUD allows the buyer to perform some of the work. It's a balancing act and you'll need to prove that you have the skills.
2. Does the lender have a specific contractor they promote? Bank of America promotes Home Depot contractors and does so through participating Lending offices and Home Depot stores.
3. Ask the lender if they have a written policy on what 203K option they offer. Construction rehab with costs above $35,000 (called a Streamlined K) do not "require" the services of a HUD Approved Consultant, but some lenders won't lend unless you include the services of the consultant. The reason being the lender assumes more risk by having to perform construction inspections and contractor qualifications.

Hiring a contractor for the 203k can be tricky. Interview the contractor and ask for references, talk to buyers and check out his/her work experience.

Join our forum to learn more and engage in more 203K conversations.

Gary Smith
203k Consultant/Contractor
Web Reference:
0 votes Thank Flag Link Wed Sep 29, 2010
You are not exactly getting accurate information here. If you are planning to only spend $35,000 on renovations, then you can use whatever licensed and insured contractor that you want who is not either a relative of yours, or you are employed by. However, seeing as you are saying that the house is in Roslyn Heights, I am thinking that you probably want to spend more than that. You will then need to have your estimate done by a contractor from an approved list. We were temporarily not doing 203k loans, however we are starting to do them again in another week or so. If you would like to contact me, I would be happy to help you out.
0 votes Thank Flag Link Sat Sep 25, 2010
Hi Gopal, as long as the Contractor is Licensed and Insured, you can have any contractor do the job. The Contractor would then have to submit an estimate to the Loan Originator (ie. bank) for approval and for the bank to approve the Contractor. There are two types OF 203K Loans: 1). Streamlined Loan (usually involving one repair/renovation) up to $35k and a faster approval 2). a Loan for over 35k which may take longer because of added documentation (architect's drawings) that involves more renovation. Home Depot can assist you in your endeavor. Good Luck!
0 votes Thank Flag Link Thu Sep 23, 2010
Dear Gopal,

You may want to contact HUD to see if they can refer any specific contractors that have done previous work. I have attached a link to various HUD offices.

Good luck.

Nirmala Caraballo
Licensed Real Estate Agent
Cruse Realty
1408 White Plains Road
Bronx, NY 10462
Tel.: 646-479-7873
0 votes Thank Flag Link Thu Sep 23, 2010
I live and work in Colorado however I did a quick google search in an effort to try to help you. I have came across this posting on a part of the westword paper).…

Here is the direct website for the company that posted their ad on backpage.

I would obviously as for references. I hope you are able to find a reputable 203K contractor.

Best of luck,

Merritt Noel
0 votes Thank Flag Link Wed Sep 22, 2010
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