Rehab Loan Consultation
Transform Your Property with Expert Rehab Loan Consultation
At SOUL Community Builders, we guide homeowners and homebuyers through the Rehab Loan process, helping you unlock the potential of your property. Whether you're looking to revitalize your home, complete essential repairs, or enhance its value, our team of experts is here to ensure you have the support and knowledge needed to navigate the financing and renovation journey.
Simplify Your Home Renovation with Expert Rehab Loan Consultation
At SOUL Community Builders, we know that navigating home renovations and financing can be challenging. That's why we specialize in providing hassle-free Rehab Loan consultation services, guiding you through every step of the renovation journey to ensure a smooth and stress-free experience.
FAQ on 203K
Check our FAQs for quick answers to frequently asked questions we receive.
Step 1
Contact a 203k Lender and get pre-qualified. We can assist you in finding a lender in your area that we’ve worked with to insure that you’ll get the best service.
Step 2
Hire a real estate professional to assist in finding a suitable property. Always choose one that understands 203k.(If you’re refinancing an existing loan with a 203k, a real estate professional is not needed)
Step 3
Set an appointment with us as your203k Consultants. As your consultant I will meet you at your site and review copies of the contracts and agreements required for the 203k loan given to you by your lender that you will need to sign prior to the close of the loan. After our meeting and the HUD/FHA Home Inspection that I will provide, I will create a “Job Specification & Bid Request”, which is a list of the FHA required repair items to be completed.I will also list inclusions you may want to add like new cabinets and flooring, window etc.I will also forward copies of the various reports to your lender to assist you in the loan process.
Step 4
Get contractor bids by using the “Job Specification & Bid Request” prepared by me as your consultant.
Step 5
Choose a contractor. As your consultant I can assist you in this process and verify contractor compliance to the specifications. The lender will hire an appraiser and once the appraisal report is done, in most cases, your lender can close the loan.
Step 5
Schedule the contractor to begin the work. Once the work begins the contractor will require continuing inspections called “Draw Requests” to get progress payments for the work as it’s completed. As your consultant I will inspect the project and prepare these documents and repeat the procedure until the project is complete.
What Our Clients Are Saying
As a contractor, I found working with Soul Community Builders. Eya and the back-office team a refreshing change. Professional, courteous, fair, and efficient in processing our files. Cyndi balances the program rules with the customer's desire while working with the contractor to complete the project within budget, scope, and time.
William K.
I really appreciated Soul Community Builders. Cyndi's was so helpful when it came to balancing my wants, with the must-have repairs, and how they contribute to the value of my home. She even provided recommendations for saving on my energy cost!
Paula G.
Fast turnaround. Thorough and detailed Statement of Repair and photo documentation.
Louis J.
Mortgage Lender
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