A Popular Program
We got involved in the HUD 203k Loan market originally at the request of our banker. As a successful home builder and remodeling firm, they asked us to partner with a neighborhood group focused on rehabilitating a section of a long-ignored neighborhood. Finding this a worthwhile and profitable endeavor, we have subsequently undertaken several other projects and intend to do a number of others.
While this is a program that works well, it is, nonetheless, a government-backed initiative that requires considerable paperwork and coordination. In fact, our team has found the actual repairs and rehab work are the easy part of each project compared to dealing with the:
Multiple forms required