203k lenders in New Jersey?

[Derrick K.]

Hi folks - I am putting in an offer on a short sale that needs some work. Will require floors, roof, painting to start. The listing agent thinks that it will require a rehab loan but who makes this determination? If rather avoid this as I hear he costs are quite high. Secondly, not all lenders do hear loans so does anyone have any reputable contacts that can help me getting a quote? Thanks!!

[Olga Roginkin]

@Derrick K., I can point you in the right direction. I have two lenders who offer 203k loans. Still, you need to qualify for a loan like that, but if you do, it might be a great option. Pm me for more info on such loans and providers.

Another suggestion- before you start your investigation, find out with the agent if the seller is ok with a 203k loan.

And one more note: it is always better to work with your own (buyer's) agent, as he is the one who represents your interests and negotiates for you.