203K? I am not sure how that makes you think when you hear those words, but when I hear the word 203K, many lending and real estate agents in the industry think a lengthy mortgage, with an incompetent, uncaring consultant. This is a process that no one seems to know how to navigate to be able to get the borrower what they really want which is a safe and sound home. If that is you, then I am here to say that there is a better and new way to do a 203K loan and that is what I would like to share with you.
Hello, my name is Michael Kovacik, and as a member of NAFHAC (National Association of FHA Consultants), this national organization has been devoting itself to education and empowerment of people working with the renovation industry. I am here to let you know I am your local ambassador. I, as an FHA consultant myself, have over fifteen years as a licensed Professional Real Estate Inspector and a superintendent in the building trade. I have a welcome knowledge and abundant amount of resources at my disposal. I will make sure that your next renovation project whether it is a conventional rehab loan, Fannie Mae or limited 203K loan will have all the pertinent information to provide assistance to the appraisal. This will help in answering the question: “Will this pass an appraisal?”.
I will provide you a copy of our powerful and inexpensive FHA MPS (Minimum Property Standards) report, a scaled down version, less expensive than a home inspection, but more able to provide the resources for a buyer that wants to know the most important question, “Will the appraiser pass this house?” </p.