A general contractor has many years experience as a general contractor. The general contractor has experience with gut and rehab single-family homes, ground-up new construction, kitchens, bathrooms, concrete, plumbing, electrical, roofing, siding, masonry, roofing, and gutters. Sofits, Fascia, and small to large construction projects. How does the general contractor become a HUD-approved general contractor so the general contractor can start taking on FHA 203k loans from Indiana, Illinois, Wisconsin, and Michigan?

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• This discussion was modified 2 weeks, 4 days ago by  Gustan Cho.

I have a first mortgage with a 3% mortgage rate. I need to do a lot of renovations to my house, both exterior and interior. How can I get a renovation loan at a low rate where it can be interest only. I would want a drive by appraisal versus a full appraisal. What credit score do you need and what are the rate and term?

I have a scenario where my borrower would like to renovate their current home (No Mortgage) and the cost for the renovation would range from $50-60K. She’s a Teacher, Salaried with a $52K/year. With a FICO 635 Credit Karma and just bought a new car.

What can we offer her or her options?

Thank you