All Forum Posts by: Alice Jackson

@Perry Farella Thank you for your response. I spoke with 2 different lenders today and one would allow it and one would not.  It was exactly as you said. The lender who allows it just asks for your qualifications (licenses, insurance, references, etc).

@Cara Lonsdale Thank you for you response!

My husband and I had an offer accepted on a property. We are approved for a 203k loan. My husband is a licensed General Contractor (in Maryland) who has rehabbed houses for others (even 203k houses). I'm wondering if he can do the work on our 203k property. It is a streamlined 203k loan. I've heard that he could do the renovation but could only be reimbursed for material (not labor) costs. I haven't been able to find this documented anywhere. Can someone who is knowledgeable please provide some insight or possibly a reference? Also, the house is in another state (NC). Not sure if that makes a difference. Thanks in advance for any input.