What's your experience with FHA 203k Rehab loans?
I almost had an opportunity with some of my clients for them to utilize a FHA 203k loan on a bank-owned property, but they ended up cancelling, rightfully so, due to the insurmountable amount of repair needed to the property.
But I just wanted to see how many of my ActiveRain peeps have utilized a 203k loan with your clients, and what your experience was.
Did it roll out smoothly? Were there issues / bumps / hurdles?
How did the disbursement of funds after the close of escrow to the contractors go?
How much in rehab funds were your clients allowed?
I'm actually looking forward to working with one of these loans with my clients.
Enquiring minds want to know...........
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