Looking for Contractors that work with 203K Loans

Member since 2025 · 17 posts · 13 votes

Hello BP Fam,

I am currently in the process of purchasing a multifamily property in Chicago, IL. I am utilizing the FHA 203K Loan for this property and was hoping to gain some contacts from the community regarding contractors familiar with working with 203K loan clients and the process. All resources, connections, and referrals will help. Thank you!

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Josiah Garcia
Member since 2026 · 232 posts · 35 votes
3mo
We pull distressed multifamily deals in Chicago directly from probate, foreclosure, and code violation records—before they hit the MLS. Most investors on the 203K path miss these because they're searching the public listings everyone else sees. Built a quick demo of what it surfaces https://deals.botlabcollective.com/demo.html?market=chicago
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Jonathan KlemmBusiness Member
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Contractor · Chicago, IL · Member since 2016 · 4k+ posts · 2k+ votes
3mo
What's up @Antonio Ward Jr! Long time no talk!
Appreciate the reminder to get back on BiggerPockets and support the Chicago community. The 203(k) process is for sure challenging, and having the right team (contractor, HUD consultant, lender, agent, as well as a patient seller).
A good place to check is 203k contractors .com they have a small list of certifed contractors.
[email protected]
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Eudith VacioPro Member
Real Estate Agent · Chicago & NWI · Member since 2015 · 860 posts · 521 votes
3mo
Hey @Antonio Ward Jr - I love 203k loans and went through the process a few years ago on a mixed used building. The contractors need to be licensed, and ideally familar with the process. If not, then you will need to help them with documents which is what I had to do with my General Contractors. I used Loan Depot which is actually a prominent bank for 203k loans. Wishing you the best of luck!
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