Asked by Nadia759, District of Columbia • Wed Mar 14, 2012
I am looking for an experienced lender for a 203k project (not streamline) in Washington DC
- Project involves turning crawl space into a fully legal one bedroom apartment
- I have excellent credit (low 800s)
- Project would involve borrowing 125k approximately (including 10% contingency)
- Currently owe 260k on the house
I started this process in the fall and was preapproved by two lenders. Unfortunatley it took me awhile to find a good contractor and then the holidays came. So after a break, I've finally restarted the process and identified contractor and am working with a HUD consultant. Problem is that both local lenders that preapproved me in September now state they no longer do 203k loans. Thus I am looking for a highly recommended 203k lender who has experience dealing with the product. If you have recommendations, please let me know.
Real Estate in Washington
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