I have written about how the FHA 203k program benefits prospective homebuyers, I have written how it helps home sellers, and I have written about how the 203k even can raise an entire community. Benefits of the FHA 203k loan reach far and wide and include many of the players involved in the process.
The contractors and builders who work on these renovation projects are among 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!