In this episode, we're joined by HUD consultant, Bob Canty, to unpack 203(k) loans. With a growing inventory of aging homes, Bob will explain why the 203(k) loan program isn't just necessary, but vital for home repairs and alterations. He'll discuss the importance of full home inspections and the pivotal role of choosing a strong contractor. From a HUD Consultant’s view, we'll talk about the thorough checks needed to protect everyone involved in the loan process. Bob will share how he breaks down renovation costs for FHA loans and the importance of clear communication in this intricate process. Lastly, we'll discuss the HUD consultant's role in managing conflicts and ensuring smooth sailing for your renovation projects. Prepare for an insightful journey into the intricate world of housing and renovations.