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All Forum Posts by: Christa Coore-Powell

Christa Coore-Powell has started 2 posts and replied 5 times.

Post: FHA 203K or Homestyle Contractor

Christa Coore-PowellPosted
  • Posts 5
  • Votes 2

Hello! Does anyone have a recommendation for a contractor that has worked with or works with FHA 203K or Fannie Mae Homestyle renovation loans in the Atlanta area? Thanks!

Thanks Patrick! Have you ever written a letter like this? What should it say? 

Hello!! I went to see a distressed property to BRRR and there was a great, empty also distressed property across the street. I found the name of the owner on the county tax assessor site but I can't seem to find a mailing address. Any suggestions on finding the address AND if you've written a letter to an owner of an off list what did you say? THANK YOU!!

Quote from @Felicia Richardson:
Quote from @Christa Coore-Powell:

Thanks for sharing this Felicia! What is the residency requirement for a NACA loan?

Awesome thanks! I signed up for the next intro workshop. 

Welcome! Same as FHA. One Unit has to be Occupied, by the Owner. Bank of America (who is the NACA Lender) requires it to be Owner-Occupied for a year. But NACA, requires it be OO as long as you are in their Program which is until you sell or refinance. 

Thanks for sharing this Felicia! What is the residency requirement for a NACA loan?