Tips for getting a 203k loan accepted?

[Mary Ainsworth]

Hello!

I am hoping to use a 203k loan product, preferably in Tuscon AZ, and I'm trying to think of ways to make my offer more competitive so that seller's agents might consider it. 

Do you have any recommendations when putting in a 203k offer? 

And what are the main reasons sellers' agents are unlikely to accept it? (Besides the red tape, or if that's it, that's also good to know)

Thanks!

[Jennifer Kay]

The lender I used for 203k said they close the most 203k loans up and down the Eastern seaboard. They rescued my loan when my previous lender was flailing around doing weird things and wasting time. Make sure they understand the loan product.

I used a 203k limited loan on my first property (fourplex house hack). Make sure you get the draw checks made out to you and disburse them to the contractor only when they meet their milestones. My contractor turned out to be a scam artist and I am certain he is singlehandedly responsible for about 50% of the gray hairs on my head.