That loan for the most part, does not exist.. FHA construction loans are available, but the challenge is finding a lender willing to do one.. and 99.99% of them do not.. As far as 203K loans.. yes, this loan is readily available.. and finding a lender to do one shouldn't be difficult.. (we offer them) but this is a rehab loan.. not a loan used for new construction..I'm a preferred Lender with Arizona and California being my primary markets. If you or someone you know is looking for financing options, feel free to contact me or pass along my information. 480-287-5714 WilliamAcres.com NMLS# 226347 / RPM Mortgage NMLS 1541014 / AZMB0121893
Stop looking for a lender, and start looking for a Loan Officer. Look for someone at a mortgage brokerage, which means they are probably independently licensed versus unlicensed, and look for someone with an NMLS number less than about 350,000. This means the person has been a Loan Officer at least 10-years. Look for someone in your own area. Finally, stay as far away as possible from big banks and out state internet lenders. Good luck.
I can put you in contact with one of our CA Leader One Financial Corporation mortgage loan originators. Leader 1 does all the entire FHA 203K loan in house.
Ask our community a question.