When using a 203K loan, does the general contractor have to be 203K approved or will a trusted, bonded, licensed contractor of my choosing suffice?

Asked by Uncaduke, 20010 Tue Oct 6, 2009

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Lanre Folayan, Agent, Washington, DC
Sun Dec 29, 2013
Hello Uncaduke,

How are you doing? Hope all is well. I know you asked this question a little over two years ago. However just in case you or know anyone who is talking about buying or selling a house in Columbia Heights/Mt.Pleasant, please check out his Columbia Heights/Mt.Pleasant Real Estate Market Report http://getdcsold.com/post/4272985/columbia-heights-mt-pleasa…
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Sam Thompson, Mortgage Broker Or Lender, Alpharetta, GA
Tue Oct 6, 2009
Yes, we require the contractor to complete some paperwork to get validated.....The basic requirements for Wells Fargo is that they are licensed and insured and a full time builder with satisfactory references and credit....
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