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Home and Building Inspection Agreement

Ralph W. Spurlock
Florida Certified General Contractor CGC 006912
FHA 203K Loan Consultant A 0929
FHA 203K Loan Compliance Inspector L 755
Florida Certified Home Inspector HI 3298
Office (305) 251-5889
Cell (786) 258-1557
Primary Email: 2concept@comcast.net
Alternate Email: 2rasp@floridabuildinginspect.com

Home and Building Inspection Agreement

A home and building inspection is a non-invasive, visual examination of a home or building performed for a fee. The inspection is designed to find material defects within specific components of the home or building, components may include any combination of mechanical, electrical, plumbing and/or other essential portions of the home or building.

The Purpose of the Inspection

The purpose of the inspection is to check the over-all condition of the home or building and is an observation of the visible and clear condition of the structure and its components on the date of the inspection. The inspection is not a prediction of future conditions

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FHA 203 K Loan Consultant and Compliance Inspector

FHA 203 K Loan Consultant

Ralph W. Spurlock, Florida certified general contractor since 1973, CGC 006912, Florida certified home inspector HI 3298,  FHA 203 k loan consultant A 0929 and FHA Compliance inspector L 755.

Contact information

Phone (305) 251-5889 Cell (786) 258-1557 Email 2rasp@floridabuildinginspect.com http://www.floridabuildinginspect.com http://www.fha.floridabuildinginspect.com

FHA 203 K loan; what is a 203 k loan?

A FHA 203 k loan is a government backed mortgage guarantee. A FHA 203 k loan can be used to buy and renovate residential and mixed use commercial property; it is two loans in one buy plus renovate or repair which means there is but one closing cost fee.

What is a mixed use property

What is mixed use commercial property? Mixed use property is property that is zoned as commercial property and residential property together. A FHA loan for mixed use is subject to certain restrictions like a limit on the percent of commercial use as compared to the residential use. Generally the restrictions are a FHA 203 k Loan for mixed use properties is 25 percent commercial to 75 percent residential.

Uses for the 203k loan

The 203 k loan can be used for to upgrade, modify, renovate, and add to, a property. In most cases it cannot be used for landscaping. For these purposes There are 2 types of FHA 203 k loan guarantees the streamline 203 k Loan and the full 203 k Loan.

203K loan limits

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