203k Mortgage brokers? Sounds legitimate....

[Brandon Heath]

Hello BP,

I am starting to investigate how to go about using an FHA 203K loan. I have heard and read that these loans can be a little tricky. Which is why its very important to find mortgage company that uses these loans often. So, while doing so some searching on the internet I came across a company that seems to assist with locating a lender for you.

http://sandiego.rehabloannetwork.com/

Is this basically a niche mortgage broker? Has anyone ever heard of an issue using a service like this? (not specifically this company, but anyone using a like business model)

After reading some topics on the website seems as though you it would be easier to be pre-approved for a 203K before even finding the peoperty. I don’t see how this would work if you didn’t know that you needed any rehabbing to begin with. If it turns out you don’t need it, does the loan jut revert to a standard FHA?

Thanks for any help or answers you are able to provide