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Contact Info

Andrew Adams

203K Loan Specialist

T: (978) 720-5632
F: (978) 498-0240
445 Main Street
2nd Floor
Woburn, MA 01801

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#13

in Massachusetts


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Disclaimer:

The postings on this site are my own and don't necessarily represent the position of Salem Five.

203K Specialist
I have been specializing in Renovation and Construction loans for more than 16 years. If you are looking at a property that is in need of repair you need to work with a loan officer that doesn't just have access to these programs but a loan officer that has experience actually closing these loans. Year to date I am closing 203K loans from application to closing in 38 days!

Testimonial

This 203K loan that took 21 days from application to closing!

"Andrew,

The closing went smoothly - It's a testament to you and your company. Everyone seemed dedicated to having this close on time, which you can imagine I surely appreciate. Ablitt (the closing attorney) did a great job as well and were very attentive and positive. Thanks for making this go so well. After all the horror stories I'd read/heard, I thought I was bound to close a month late.

After going through the process, I can agree that with a good team on your side, there's no reason why closing this type of loan should get delayed. thank you for your professionalism and responsiveness throughout. My wife couldn't believe it when I told her you and I were emailing at 10pm on a Sunday. I feel you went beyond what most would do in your position and the best way I can repay you is to refer business your way, which I will happily do."

- Seth, Brighton MA


Contributions to Lender411
Blogs
Construction Loans: Renovation Financing Jun 8th 2010
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Answered Questions
Lender411.com: can't buy a condo with conventional financing? Sep 29th 2011
Lender411.com: not "Fannie Mae compliant" property Sep 27th 2011
Refinance: Should I refinance my home? Mar 8th 2011
Refinance: What is a 203K Loan? Are these government loans, part of… Jun 8th 2010
Refinance: What is a 203K Loan? Are these government loans, part of… Jun 8th 2010
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Contacted consumers with following loan scenarios
Massachusetts, Home Purchase, Excellent Credit, Amount: $800,000, LTV 80% Apr 22nd 2012
Rhode Island, Home Purchase, Excellent Credit, Amount: $92,500, LTV 97% Feb 1st 2012
Rhode Island, Home Purchase, Good Credit, Amount: $132,500, LTV 98% Jan 20th 2012
Maine, Home Purchase, Excellent Credit, Amount: $187,500, LTV 75% Dec 22nd 2011
Rhode Island, Home Refinance, Excellent Credit, Amount: $230,000, LTV 92% Oct 12th 2011
Saved my first home purchase
I was 2 weeks away from closing my loan on my first home. My loan type was a 203K loan. 11 days away from closing, another bank (a large red white and blue bank) droppped me after initally approving my loan.I was just about to quit on the entire process, till I found Andrew's name online and he saved the entire process.Andrew picked up the pieces, put the loan through, and closed on time IN 11 DAYS!!! Andrew had the loan through underwriting in 1 day, a process at my former bank that took 3 weeks.Andrew and his team are truly top notch. I could not give a higher recomondation.
By ryan.morell on May 19, 2011
Renovation Financing
by Andrew Adams
Jun 08, 2010
What is FHA 203K Financing? This loan program allows you to in addition borrow funds to purchase the property, but also borrow funds to repair the property in a single loan. In my humble opinion the greatest opportunity for...
read more...
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