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.
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.
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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
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.