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 What are the steps to a 203k Rehabilitation Loan?

Home > Faq > What are the steps to a 203k Rehabilitation Loan?

What are the steps to a 203k Rehabilitation Loan?

  1. Qualify your Property
    • Eligible/Ineligible Repairs
    • Limited 203k
    • Feasibility Study
  2. Using a Consultant
    • Home Inspections
    • Work write-up/specification of repairs
    • Plot Plans of Site and Proposed Plan Dwelling
  3. Qualify your Contractor
    • Contractor Bid
    • Contractor Documents
    • Self Help
  4. Completing Application
    • Determine the 203k specific fees
    • Determine the Total Rehabilitation Cost
    • Determine the Maximum Loan Amount
  5. Loan Submission
    • Submit Loan to Sun West through SunSoft®
    • Order Appraisal
  6. Post Closing
    • Renovation Period
    • Draws
    • Final Inspection
 

203(k) Rehab Guide Quick Jump

203(k) Rehab Loan FAQs

 

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At Sun West, the complete loan cycle is processed in-house. From origination to underwriting and servicing, Sun West ensures you receive a simpler, faster, more direct borrowing experience with no back and forth intricacies. To see if you are pre-qualified or to obtain more information, call (866) 740 3677.

 
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