No contingency per the lender
Received a call today from one of our software users. He asked if there is a way to tell the program there will be no contingency reserve. Yes, there is. Get into the project you are working on and then go to the "configuration tab" chose [Limited or Streamlined 203k] , save, then go to the MMW tab and chose "0". Once you have done that you will have no contingency reserve . Easy peasy.
Mike Young, 203k Team Leader
We have fourteen offices in CA covering both CA states, NorCAL and SoCAL where we can cover the entire state.
To learn more about the FHA 203k loan program go to www.203kOnLine.com. To contact us for a consultation please go to www.my203kconsultant.com and "order a consultation". If you like what you see here please take a look at Another blog by Mike Young in Spanish and other languages.
Got a 203k project giving you "fits" contact www.203k911.com. If you are looking for quality 203k software for consultants to speed up the underwriting process..
Skype name: the203kconsultant
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