So, to give a little background, the term “203K” refers to a home loan that is a product of the Federal Housing Authority.  It has been around for decades, but seems to have developed more awareness in recent years.  It is actually a 30-year fixed home mortgage, which allows an approved buyer to purchase a home in need of remodeling…whether it is simply cosmetic projects, Section 1 repairs, or major structural work.  Using a Certified 203K Contractor like Bakker Construction, a homeowner can purchase the property, and have the full renovation costs rolled into their mortgage.  This allows for the remodel to be done in a timely fashion, and can include things like a kitchen remodel, master bath, additions, new flooring or carpet, appliances, windows, roofing, and more—and the homeowner can move into what feels like a brand-new home.

Bakker Construction’s entire staff has been through extensive training and a rigorous certification process to be the first Certified203k Contractor serving the Tri-County area.  We have completed dozens of 203K projects for homeowners over the past several years—some small, some full home renovations—and have seen the power in this program.  It is truly amazing to see a dilapidated or outdated house transform into a beautiful space a family can call their home.

A great example of this was for a Salinas homebuyer, purchasing her first home.  This house required extensive repair.  We took this house that had “good bones” but was cosmetically stuck in the 60’s, and gave the entire interior a makeover.  We remodeled her kitchen, including some custom cabinets, both master and guest bathrooms, replaced some windows, new flooring throughout, and a fresh coat of paint inside and out.  For this homeowner, we essentially created a brand new home, through the 203K loan she received.  Below, you will see what she had to say about the process.

“To Whom it May Concern:                                                                                               

I am so excited about moving into my first home, which I purchased using an FHA 203K loan.  It was intimidating at first but in the end I am very happy with my decision.  Shawn’s knowledge and experience working on 203K projects made the whole process smooth and easy.  I was able to transform an old, outdated house into a beautiful, modern home.  The entire Bakker Construction crew is made up of very hardworking, reliable and dedicated people.  The work was completed on time and with excellent quality, including completely gutting the bathrooms, custom cabinets in the kitchen, new flooring throughout, and electrical work.  They went above and beyond to answer all of my questions and make sure the final product was exactly what I wanted.  I would highly recommend Bakker Construction to anyone needing a general contractor, especially if interested in a 203K project.”

Alyssa G., Salinas CA”

203k projects gives us a great sense of satisfaction to not only create a great finished product, but to improve our community and our neighborhoods, one home at a time.  At Bakker Construction we desire to build something with a client that supersedes the contractor-client relationship, with great communication and integrity, so that in the end, both parties walk away feeling like winners.

At Bakker Construction we specialize in all phases of residential remodeling and construction including kitchen and bathroom remodeling, improvements and repairs, 203K renovations, additions, and new construction.  Contact us for more information or request a quote.

Many contractors steer clear of 203k work, which requires precise paperwork and budget planning, with unique payment timelines, but we at Bakker Construction have truly found our niche here–putting an experienced team in place that works to make this a streamlined, efficient process.  To learn more about our 203k Contractor certification, please visit www.203kcontractors.com.

• Once an initial offer is accepted, we at Bakker Construction, Inc. can provide a thorough and realistic bid for the home’s rehabilitation, and upon closing, complete the work for you from start to finish.

• Borrower gets one loan to finance both the acquisition and rehabilitation of a property, based on the projected value of the property with the work completed, accounting for the cost of the work.

What is an FHA 203K loan and what is it used for?

• Insured by the Federal Housing Authority
• Designed for low-mid income borrowers and 1st-time borrowers
• More lenient qualification criteria than traditional loans
• Primarily a program for the rehab and repair of single family properties
• Important tool for community and neighborhood revitalization, expanding home ownership opportunities
• Homeowners are able to have a home completely restored before moving in, rolling all renovation costs into one mortgage payment

click here for more info directly from the Federal Housing Authority

At Bakker Construction, Inc., we personally oversee every aspect of your project so that you never have a laundry list of people you do not know or trust parading though your home. We very much look forward to building real relationships with our clients.

“Thank you for taking the time to learn a little more about us. It is my hope that whatever your building needs may be, your project is addressed with integrity, honesty and attention to every detail whether big or small. Projects of any size can take their toll on families, businesses and relationships. That is why it is our goal to use the gifts and talents that we have to best serve your needs and generate an outcome that will leave a lasting positive impression on all parties involved. More often than not, we leave a project having gained a personal friend and relationship that becomes more valuable and important than any portfolio could ever represent. Thank you again for giving us the opportunity to achieve your goals with you.”

–Shawn Bakker
Owner/Operator Bakker Construction, Inc.