The 203K Contractor Certification Program
CurrentThe 203k Contractor Directory is the national database of Certified 203k Contractors. Contractors become Certified by completing the 30-day education, testing and verification process. The 203k Contractor Certification Program serves the need to educate, test, verify and certify contractors for the 203k Loan program and provide a method of validation to consumers, lenders and Realtors of a contractor’s understanding of, experience with or competency of the FHA 203k loan. Almost any contractor may be willing do work under the FHA 203k loan program, but not all contractors have the financial stability necessary to participate because of the compensation structure. Also, contractors who have not been properly educated on the 203k or contractors who do not have extensive 203k experience will get lost in the paperwork, requirements, guidelines, lender overlays, necessary time-lines and processes involved with the FHA 203k loan program. When these types of contractors attempt to do 203k work, most walk off the job and leave the homebuyer/borrower and lender in a difficult position that can be almost impossible to correct.Partnering with the Certified 203k Contractors listed in the 203k Contractor Directory at http://203kContractors.com will aid in the success of your 203k loan, enable you to generate more business and help you to process the 203k Loans more efficiently.