I have recently been approved for a 203k loan and I am looking to find contractors in Phoenix who have dealt with the 203k loans before please send me your recommendations or best resources to find a great contractor.
203k contractors are hard to find. They need to fill out a bunch of paperwork and don't get paid till the project is complete. If contractors are busy, they won't waste their time with that. However, you should reach out to your lender. I would imagine they can get you a list of contractors they have worked with in the past. If they can't maybe look for a new lender?
As a Phoenix REALTOR, I always use Certified 203k Contractors.
Which version of the 203k will you be doing - Standard or Limited?
Do you have the 203k Consultant's Work Write-up yet?
Yes I went to the certified 203k contractors website there is only 1 contractor listed and their website is no longer up and running. I was just recently approved for a 203k loan I am thinking about going the standard 203k loan route but it depends on the house. I have an offer out on a house right now that would need a standard
I do not have a work write up yet
@Chelsea Fitzgerald Strange, I just clicked on that 1 Certified 203k Contractor's website link and it worked for me. I would try it again.
Because the HUD approved FHA 203k Consultant sets the scope of work and cost estimate for the project, there is not much need for getting pricing from multiple contractors.
And the contractor is not to submit a proposal until AFTER you have the report from the 203k Consultant because the 203k Consultant must develop a scope of work and cost estimate without the assistance of a contractor.