Don't plan on doing anything buy my own stuff so am not looking for a big name outfit, just a reasonably priced place to hang my shingle. 

Next we'll have contracts cancelled because of a house having a shingle roof vs. a flat roof and that fact not being "disclosed" upfront.

Here are the specs of the job:Remove and dispose of three tab shingles Install - Ice & Water shield underlayment throughout 8in drip edge along bottom perimeters Certainteed Architectural Shingle - 20 Year Warranty Two new skylights ( 2x2 & 4x2 ) New (5) 14in.

They will lend up to 90% of their "computerized" value.

The Gc would have to go back to do the work to par so that funds can get released so the GC can move on to the next stage.The above is a bit more complex when do you do a 203k over 35k in total cost + reserves/fees since it requires a HUD/FHA consultant who goes in on the transaction to consult your GC to let them know what HUD requires and can incorporate a plan of upgrades with your needs and wants with whats required by HUD.Other than the construction complications, plans, surveys, bids, trips and conversations with the GC and HUD consultant, & disbursements of funds the 203k is a "regular FHA," loan when it comes to qualifying.From the lender point of view I tend to do a maximum assessment of buying/borrowing power first to determine if the borrowing power of the individual meets their price + rehab requirement.Sometimes when you know its around 4-5 bucks per sqft (interior) for a regular pitch roof for full tear off + new replacement comp shingle and the borrower has budgeted only 2-3 bucks a sqft you have to pad those numbers for them or do some homework on their subs to make sure your going to be able to qualify for more when the budget has cost over runs.I've found it best practice to over qualify for rehab variances since it always seems that people like to add on more during the bid / consultant stage.The one caveat with 203k programs that are not required with the conventional variant of rehab loan programs (Fannie Mae Home Style) is that on 203k you have to have min equity before you can qualify.

Also, the roof is asphalt shingle.

Some will say a "new roof" is just layering on a 3rd layer of asphalt shingles, with others it's a complete (real) roof replacement.

I used it to buy shingles for a roof once and for trips to see my properties now.

I have carpenters on staff so I am not the kind of person who calls the insurance company when a strong wind blows a shingle off the roof. :) Thank you!

Only about 15 maybe 20 years ago did the homes consistently get vinyl siding and shingle roofs with a look that does not look dated.