The FHA 203k Renovation Mortgage Lender in St. Louis!

Are you looking for a mortgage lender in the St. Louis area who can help you with the FHA 203k Renovation mortgage? DoSt. Louis FHA 203k Lender you have questions about the FHA 203k mortgage, have you found the perfect fixer upper, are you dissatisfied with your current FHA 203k lender? I may be a bit bias but I know that the best FHA 203k lender in St. Louis is USA Mortgage.

I closed my first FHA Renovation mortgage in 1998, when they weren't as popular as they are now, it was a learning experience that looking back I feel sorry for the home buyers that went through my first experience with this program. I pity any home buyer or home owner that goes through the process of the FHA 203k mortgage with an inexperienced loan officer or lender. This mortgage is unlike any other mortgage program and can be extremely difficult to manage if all the people involved barely have an understanding how to make it all work well and efficiently.

As I mentioned I have been closing FHA 203k loans in the St. Louis and St. Charles area for well over a decade. It was about 2008 when the foreclosures really started hitting the market that I knew that the FHA 203k loan was going to become a very important part of the home buying and owning environment.

Prior to July 2011 I was working with a national lender who was one of the top 3 FHA 203k lender in the country, the down side is that they relied on volume to get to that stature. I constantly experienced long delays in closings, had too many loans not close that should have, was beaten badly on costs and interest rates, and became as frustrated as my borrower clients.

I had been hearing from my real estate agent friends and partners about the great things that USA Mortgage was doing with the FHA 203k mortgage. Worse I was losing way too much business to USA Mortgage because they had great interest rates for the FHA 203k, their closing costs were significantly lower than mine, they handled everything in-house including the processing, underwriting and escrow disbursements.

So as the saying goes; if you can't beat them I joined them! Today I am closing three times the number of FHA 203k loans that I had been with the national lender! Better, is that my borrowers are closing on time, I am saving them a lot of money, and the frustration of going through this great loan program has been tremendously reduced for everyone.

I encourage you to seek out an experienced and knowledgeable loan officer if you need an FHA 203k mortgage, but make sure that the lender your loan officer works for has the ability to get the loan closed for you too. Again, I might be a bit biased but USA Mortgage is not only the number 1 FHA 203k lender in the St. Louis area but also in the State of Missouri. Every month we close more FHA 203k Renovation mortgages than any other lender, should owe it to yourself to learn why.

If you are considering the FHA 203k mortgage to purchase your new home, you are looking to refinance to the FHA 203k mortgage to rehab, remodel, update, or freshen up your existing home, you are in process with another lender but are frustrated then please feel free to contact me. I would welcome your questions and help you in any way possible. If you would like to learn more about the FHA 203k mortgage click HERE to be taken to my website where I have a ton of information on the FHA 203k mortgage. Also, if you want a copy of my Guide to The FHA 203k Mortgage you can ask for a copy by emailing me at brutledge@usa-mortgage.com.

BOB Rutledge - USA Mortgage

 

Bob Rutledge USA Mortgage

Comment balloon 0 commentsBob Rutledge • April 08 2012 08:44AM
The FHA 203k Renovation Mortgage Lender in St. Louis!
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Are you looking for a mortgage lender in the St. Louis area who can help you with the FHA 203k Renovation mortgage? Do you have questions about the FHA 203k mortgage, have you found the perfect fixer upper, are you dissatisfied with your current FHA… more