“Unfortunately, No”

“Unfortunately, No”

 

 

 

Hi Joe

Quick question - On the loans that you mentioned is there any chance we can GC ourselves?

We are struggling with getting pricing from GC's but Jan and I have a lot of experience and contacts in the business and would be able to successfully Oversee the project. Please let us know ASAP.

Thanks.

 

 

Even though we have a couple of lenders that will allow someone to build their own home it can’t be done for a FHA 203K loan. There are a couple of minor exceptions, but it does not apply in this situation.

 

Lenders are always looking for third party licensed contractors. If there is ever a problem they don’t want the problem to involve the borrower.

 

Image courtesy of Vectorolie/freedigitalphotos.net

Subscribe to my blog via Email:

 

Enter your email address:

Delivered by FeedBurner

 

Joe Petrowsky, NMLS #6869

Right Trac Financial Group, Inc. NMLS #2709

110 Main St.

Manchester, Ct. 06042

Office: 860 647-7701 x116

Fax: 860 647-8940

Cell: 860 836-9294

Email: joe@righttracfg.com

www.righttracfg.com

www.joepetrowsky.com

Like me on facebookfollow me on twitterConnect with me on linkedin

Joe Petrowsky does not guarantee nor is in any way responsible for the accuracy of the information provided herein, and provides said information without warranties of any kind, either expressed or implied.

Equal Housing Statement: We are pledged to the letter and spirit of U.S. policy for the achievement of equal housing opportunity throughout the Nation. We encourage and support an affirmative advertising and marketing program in which there are no barriers to obtaining housing becuase of race, color, religion, sex, handicap, familial status, or national origin.

Comment balloon 3 commentsJoe Petrowsky • June 27 2018 05:36PM
“Unfortunately, No”
share
“Unfortunately, No” Hi Joe Quick question - On the loans that you mentioned is there any chance we can GC ourselves? We are struggling with getting pricing from GC's but Jan and I have a lot of experience and contacts in the business and would… more
“Sounds like a carpenter that once worked for me”
share
“Sounds like a carpenter that once worked for me” Bob had this problem of getting up late in the morning and was always late for work. After a few weeks of this, his boss was mad and threatened to fire him if he didn't do something about it. So… more
“Of Course We can Work Together”
share
“Of Course We can Work Together” Mr. Petrowsky It has been a few months since we have interacted, we owe you an apology. I’m sure you recall we never went through with the mortgage application because we thought the rate available to us… more
“Demand for Renovation Loans Continue to Grow”
share
“Demand for Renovation Loans Continue to Grow” Hi Joe- I just wanted to run some numbers by you to see if we are still on track for approval and also should I get the required docs at this point? We need to pay off our current mortgage 206K… more
“Yes, I can do Foreign National Mortgages”
share
“Yes, I can do Foreign National Mortgages” Hi Joe, Your name was given to me by my USA attorney, as I will need a mortgage to purchase a second in your state. We are in the negotiation stage, the purchase price will most likely be around… more
“Unfortunately Closing Costs are a Problem”
share
“Unfortunately Closing Costs are a Problem” Thank you for handling the pre-qualification so quickly and for sending me the referral for the home inspector. Could you refer a real estate agent as well? Although the lady I spoke to was nice… more
“A Very Scary Thought! ”
share
“A Very Scary Thought! ” A father buys a lie detector robot that slaps people when they lie. He decides to test it out at dinner one night. The father asks his son what he did that afternoon. The son says, "I did some schoolwork. "… more
“We can Absolutely do another FHA Mortgage for this Client”
share
“We can Absolutely do another FHA Mortgage for this Client” Good morning Joe, hope all is well. This couple we did bought a home in Springfield a couple of years ago. They are now asking me about purchasing in Hamden or Wilbraham and how… more
“Owner Financing was the Best Decision based on the Situation”
share
“Owner Financing was the Best Decision based on the Situation” Hi Joe. Thank you so very much for meeting with Mike and I yesterday. You certainly know your stuff and really appreciate your input. Hopefully Mike and I will work on a… more
“The Church Ladies Bulletins”
share
“The Church Ladies Bulletins” These sentences supposedly appeared in church bulletins or were announced at church services: The Fasting & Prayer Conference includes meals. Scouts are saving aluminum cans, bottles and other items to be… more