FHA 203k Contractor

[Bruce Wuollet]

I have a property that would be good for a homeowner to purchase through the FHA 203k program. The lender says that the contractor must be licensed AND must be an "approved 203k contractor". Has anyone else ran into this? Or, is a licensed contractor sufficient? If they are to be an approved or 203k certified where does one find that and how does one become 203k approved?

[Jody Young]

I had used a 203k in the past, and the lender wanted financial information, licensing, prior project info. and forms completed to hp ensure that the contractor selected could do the work and be trusted to finish.