Get Your 203(k) Loan Paperwork Processed Fast
Philadelphia Fast 203(K) Paperwork Handler
Are you looking to use a 203(k) Loan to purchase and renovate a house in the Philadelphia area? This loan offers you the opportunity to purchase a home and renovate it using an All-In-One Mortgage Loan. Purchasing and renovating with the same loan sounds great, but you may quickly find that the required paperwork, timeframe to complete work, and multitude of people involved in the process are confusing and complicated. What you need is a team who can help get the 203(k) loan paperwork processed fast.
If you are in the Philadelphia area and want to use a 203(k) loan, we are here to get you through the process fast and stress free.
Get your Contractor Estimate and Qualification paperwork in less than a week!
For most people one of the most important things they realize when they start the 203(k)loan process is that Time is of the Essence. Many people use the 203(k) loan program to purchase a house and have it renovated. Fewer people use this loan to refinance an existing home in order to do renovations.
When you sign an Agreement of Sale to purchase a house, you quickly find that Time is of the Essence. Your contract is full of deadlines that must be met in order to stay “in contract”. Your Real Estate Agent is very familiar with this process and continuously works with clients to meet these deadlines so as not to “fall out of contract”; doing so gives the seller the ability to cancel the contract.
As a first time user of the 203(k) loan program, you will have a lot of information to process and many questions you want answered. You want someone on your team to not only answer those questions but help push your deal to settlement.
Matrix Company Solutions Corp. will make sure you get the required paperwork from the contractor and will work closely with your consultant and lender to meet all deadlines, no matter where you are in the process.
The 203(k) Loan Paperwork Process Experience
Simply put, the 203(k) loan paperwork process is complicated. Here is a list of the paperwork required by the Contractor in the 203(k) application process:
- Construction Estimate broken down by Labor and Material.
- Signed Renovation Contract
- Lender Approval Paperwork
- Lenders application which requires 3 previous jobs performed, 3 customer references, 3 trade references
- Contractor’s Insurance
- Licenses (General Contractors, Lead, Electrical)
- W-9
We are familiar with and understand all the paperwork involved in the 203(k) loan process. Beware, MANY contractors are not familiar with ALL the paperwork or the process that is needed to get YOUR project approved.
As mentioned earlier, Time is of the Essence when you are under contract to buy a house and any delay can cause you to default and lose your deal as well as your deposit.
At Matrix Company Solutions Corp., we know everything Lenders and Consultants require and can quickly assist with all the necessary paperwork ensuring your deal goes to settlement on schedule.
Having done over 200 203(k) loan deals, we have seen both consultants and lenders take their time and demand unnecessary items. We have seen deals lost and projects go down the drain.
With that said, it is important to look at your Contractor, Consultant, and Lender as a Team. A Team who will be able to handle your project from start to finish. If you need a good Lender or Consultant, we can recommend good Teams we have worked with who will ensure your project is completed as stress free as possible.
Why Our 203(k) Loan Paperwork Process Works.
- We have over 25 years of experience with 203(k) loans.
- We have completed more than 200 203(k) projects in the Philadelphia area.
- We understand the challenges involved in getting all necessary paperwork completed.
- We are aware of the time frames involved when using a 203(k) loan.
- We understand how difficult it is working with various people during the process.
- We know how confusing the 203(k) loan process can be for homebuyers.
- We work with a Team who can handle your project from start to finish.
We want you to experience the entire process with little stress, from finding your Dream House to moving into your Dream Home!
Get a FREE Consultation
No matter where you are in the 203(k) loan process, we are happy to provide you with a FREE Consultation. Simply complete this quick online form and one of our experts will be in touch to help you process your 203(k) loan or simply give us a call now to get the process started! Our team of experts is here to help get your 203(k) loan paperwork processed fast.
