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#1
8/19/10, 12:15 PM
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Please Note:
is a non-member guest and is in no way affiliated with InterNACHI or its members.
FHA 203k and licensed contractor
Hi,
I'm purchasing a home in Alabama under a 203k loan. My home inspector/FHA consultant is telling me that under the terms of a FHA 203k, only a contractor with a "home builder's license" can do the renovation work. This didn't make sense to me so I'm trying to verify that. However, every where else I look states that the requirement is for a "licensed contractor." In other words, I can't find anything that says the "licensed contractor" must be a "licensed homebuilder." I assumed that being a licensed general contractor in the state does not also make one a licensed home builder. Am I right? and Is my inspector right about the FHA203k requirement? Thanks 
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#2
8/20/10, 9:59 AM
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Please Note:
is a non-member guest and is in no way affiliated with InterNACHI or its members.
Re: FHA 203k and licensed contractor
[QUOTE=Unregistered;682226]Hi,
I'm purchasing a home in Alabama under a 203k loan. My home inspector/FHA consultant is telling me that under the terms of a FHA 203k, only a contractor with a "home builder's license" can do the renovation work. This didn't make sense to me so I'm trying to verify that. However, every where else I look states that the requirement is for a "licensed contractor." In other words, I can't find anything that says the "licensed contractor" must be a "licensed homebuilder." I assumed that being a licensed general contractor in the state does not also make one a licensed home builder. Am I right? and Is my inspector right about the FHA203k requirement? Thanks[/QUOTE] You can visit permits department to find out what is required, "home builder's license" or " licensed contractor". Also, ask your Lender, as Contractor will need Lender approval.
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#3
9/5/10, 2:25 PM
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Re: FHA 203k and licensed contractor
Buyers can do SELF-HELP if determined qualified by lender, consultant, etc. That would usually be cosmetic stuff - paint, carpet, doors, etc.
Skilled operations or work to be done by licensed contractors in that TRADE, etc. Replacing a furnace or rewiring an electric panel is not typically a homebuilders field in ANY state I've ever been licensed as a contractor or homebuilder. Dan Bowers, CMI, CRI 203k Consultant, Inspector, Plan Reviewer Licensed 1 & 2 Family Contractor Certified Code Inspector - 1 & 2 Family Dwellings (electrical, plumbing, building, mechanical)
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