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hud loans

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Erica
LIF Adult

Member since 5/05

11767 total posts

Name:

hud loans

What ia the process like? Which banks handle them? We are considering a203 loan, which is through HUD

Posted 5/12/12 6:36 AM
 
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Beth
The Key to your new home....

Member since 2/06

24849 total posts

Name:
Beth

Re: hud loans

it's a FHA loan

but they are way more involved- the only bank I really trust with a 203K loan is contential home loans- FM me if you want the name of a great loan officer to contact there

my Dad used wells fargo since he is in FL and it was a nightmare- CHL is very hands on with the process and that is the only way to get it down

Posted 5/13/12 8:50 PM
 

Christine Braun - Signature Premier Properties
LIFamilies Business

Member since 2/11

3992 total posts

Name:

Re: hud loans

U.S. Mortgage Corporation also handles 203(k) loans. It's a specialty mortgage bank - - like CHL -- and they consistently do a great job (in terms of speed, efficiency, customer service). My contact, Steve Simpson, is very knowledgeable and experienced with these loans.

Here's his contact info:

Steve Simpson, Senior Loan Officer (he's based in their Levittown office)
(516) 408-4488
[email protected]

Posted 5/14/12 9:47 AM
 

Erica
LIF Adult

Member since 5/05

11767 total posts

Name:

Re: hud loans

Thank you!

Posted 5/14/12 7:32 PM
 
 

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