Thorough Design
and Plan Reviews

With over 20 years experience in 203k consulting and conventional renovation consulting and 35 years in inspections we can help with the entire process of loan requirements on the construction end of you loan. We have worked on projects from 20 thousand up to over 300 thousand dollars in renovations and have worked with all major lenders in the renovation loan market.

Stephen Wisneski and Associates
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Proactive Construction Observation

Along with initial consultations we provide quick turnaround times on the draws after construction has started. During the draws we make sure the work conforms to the contractors proposal and offer professional suggestions if thing need to be changed.

Stephen Wisneski and Associates

Features of Our FHA Home Loans

Our FHA loans are designed to make homeownership more affordable and accessible. Some of its features are:

  • Low Down Payment: Down payment as low as 3.5%, making homeownership more accessible.
  • Flexible Loan Terms: Choose between 15- and 30-year fixed terms for predictable monthly payments throughout the loan's life.
  • Financed Mortgage Insurance: Mortgage insurance can be rolled into the loan, reducing the upfront cash required.
  • Gifted Funds for Down Payment: Accepts gifted funds from various sources, including family, employers, labor unions, charitable organizations, close friends, or government homeowner assistance programs.
  • Co-Borrower Option: Allows a co-borrower who doesn’t need to live in the home to help with the loan.

Key Requirements for FHA Approval

FHA appraisers adhere to HUD guidelines, ensuring homes meet specific appraisal standards. These include:

  • Must have an undamaged exterior, foundation, and roof
  • Must have safe and reasonable property access
  • Must not contain loose wiring or exposed electrical systems
  • Must have all relevant utilities, including gas, electricity, water, and sewage, functioning properly
  • Must have a working, permanent heating system that can heat the property adequately
  • Must have surfaces free of chipping or peeling lead-based paint
  • Must have adequate access to attic spaces and natural ventilation in crawl spaces
  • Must have access to potable water
  • Must be free from wood-destroying insect infestations
  • Must not have interior and exterior health and safety hazards, such as no handrails on steep staircases
  • Must be a marketable property
Stephen Wisneski and Associates

Ready to Ensure Compliance?

Give us a call even if you have not started your loan process to see how we can best help with you home buying or refinancing with a renovation loan.

Book an Appointment