When looking for a 203k in Texas the first thing to do as with any loan is to get pre approved. So you are probably asking yourself what is the process for qualifying for a 203k loan in Texas? Well let me break it down for you. It really isn’t much more difficult than qualifying for a traditional FHA loan. It is important for you to know that each lender can have specific requirements and typically they do vary from lender to lender.
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In Texas there are no licensing requirements for a general contractor. Most of the 203k rehab projects have general contractors that run the project and most often will have sub-contractors that work for them. The sub-contractors that do perform work that require a license are: plumbers, electricians and AC contractors. The license is required to pull a permit but we must also be able to verify the license before final approval can be issued.
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