The contractors and builders who work on these renovation projects are amongst those who gain value from the 203k.
Here are the top ways that contractors benefit from the FHA 203k:
Able to offer the FHA 203k as “in-house financing”
Create access to new opportunities for renovation jobs
Increase revenue by getting access to more renovation jobs
More referrals from more completed projects
In my years in this business I have seen contractor after contractor grow their business because of the FHA 203k loan. If you are interested in finding out how the FHA 203k loan can help your business, reach out to me and I would love to help!
The Renovation Lending Division of AnnieMac Home Mortgage is a specialized group of professionals focused on the need to help rebuild and renovate American homes. Americans currently have a great need to access affordable loans to simultaneously finance and renovate their homes.