Loan Officer Gustan Cho
Loan OfficerForum Replies Created
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🤣😂😍😜 Did not know……😅
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Love steak. Prime rib and porterhouse are my favorites. Medium rare, more on the rare side. I remember my dad taking us to Ponderosa steakhouse every Fridays. Whatever happened to Ponderosa with the salad bar and Sizzle Steak House.
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Fully support writers. These days with all this YouTube, Social Media, and other junk on the internet, good old fashion writing has become a dinasour.
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Three pairs.
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@Peter.gun
Only a HUD-APPROVED FHA 203k General Contractor can do the work on FHA 203k loans. A HUD-approved FHA 203(k) contractor is a renovation contractor that has been vetted and approved by the U.S. Department of Housing and Urban Development (HUD) to work on home renovation projects utilizing the FHA 203(k) loan program.
To become a HUD-approved 203(k) contractor, companies must meet certain requirements set by HUD, including:
- Licensing: The contractor must be licensed and insured for the type of renovation work they perform in the state where the property is located.
- Experience: They must demonstrate sufficient experience in home renovation and construction work, usually by providing examples of previous projects.
- Financial Stability: Contractors have to show they are financially stable businesses able to take on and complete renovation jobs.
- Good Standing: They cannot have any outstanding judgments, liens, or be involved in ongoing disputes related to construction defects or poor workmanship.
- Education: Key personnel like project managers may need specific education/certifications related to renovation lending programs.
- Application: Contractors submit an application to HUD providing documentation to verify they meet the approval criteria.
Once approved by HUD, 203(k) contractors gain access to bid on and get hired for renovation projects funded through FHA 203(k) rehabilitation mortgages. Homebuyers are required to use a HUD-approved 203(k) contractor.
Maintaining HUD contractor approval involves continuing to meet requirements, providing periodic updates, and following all 203(k) program rules for each project. HUD can remove contractors from the approved list for violations.
https://gustancho.com/hud-fha-203k-loans-manual-underwriting-guidelines/
gustancho.com
HUD FHA 203K Loans Manual Underwriting Guidelines
HUD FHA 203K Loans Manual Underwriting Guidelines allow manual underwriting 203k loans on Chapter 13 Bankruptcy on manual underwrites.
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Peter, that’s bad 😁 😂 😀 🤣
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Chucky is a scary doll.
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I love car stories, Peter. I remember my parents got me a brand new Camaro Z28, charcoal grey for my high school graduation in 1983. Actually, I got the car my first semester of my high school senior year. I remember it to this day. One of my happiest day of my life. Just for the record, I was not a spoiled kid growing up nor were my parents wealthy. It was the opposite. My family immigrated to Chicago from Buenos Argentina. My mom, younger sister, younger brother, and myself lived apart from my father who went to San Juan Puerto Rico when I was two years old. Why did my father and the rest of my family live such a long distance away from each other? My father’s dream was to come to the United States so he can provide a better life for his family and raise his children with opportunities than any other country in the globe. My father’s number one goal and mission in life was to send his children to college. My father had to drop out of school at the age of 14 so he can provide for his mother, younger brother, and older sister. He eventually went to high school part time during the evenings to at least earn a high school education. When we immingrated to the United States, for me I was nine years old. My sister was six and brother was three years old. I was left with the role to help my parents with family duties. This was helping my parents babysit my sister and brother, especially during the vacation time off days we had from school. My parents always had two low paying full time jobs to make ends meet and save for our college education and spoke broken English. I always went to parent teacher conferences with my parents for me, my sister, and brother. I always went for job interviews for my mom or dad. I got straight A’s in high school until my second semester of my senior year which I got three B’s and three A’s. That damn car, Lol. Because I was a good kid, my parents bought me a brand new Camaro Z28. From that point on, I became hooked with cars. In 1987, I purchased a brand new Porsche 928 S4, I had at least a dozen Corvettes, hard tops and convertibles from 1989 through even recently. Owned 1988 Porsche 911 Turbo wide body with the big tail as well as a 1989 Porsche 911 Turbo Wide Body Convertible with the rear Turbo Tail, 2005 Porsche Carrera GT, Seven Lamborghini Murcielago hard tops and roadsters, 1989 Lamborghini Countach, 1999 Lamborghini Diablo, Two 1999 Lamborghini Diablo Roadster, 2004 Lamborghinin Gallardo, 1992 Ferrari F40, FERRARI 360 hard top and convertible, Ferrari 488 Spider, Ferrari Super America, 2005 FORD GT, At least 15 Mercedes Benz from Mercedes Benz SL65 AMG, SL55 AMG, SL 600, 550 SL, Mercedes 500 SL, dozens of vintage cars from the 1960’s and 1970’s. Anyways, many many cars and still addicted to autos.
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Lol. Funny but yet NOT. I remember when we immigrated to the United States from Argentina in November 1974. I enrolled at Hibbard School on Ainsley Street in the Albany Park Neighborhood and my homeroom teacher was Mrs. Dogan. She had a ruler at her side and used it to wack hands of students who misbehaved. Today, you cannot lay a hand or belt your kids. Mrs. Doggan was not a nun.
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