In Oct 08 I was looking into financing some repairs to my home and learned of a 203k mortgage. I contacted HCI mortgage and was referred to the 'Expert' in that loan for HCI. I began all the usual documentation for credit stuff and after all was finished I was told looks good I need to get 2 appraisals and a HUD report my cost $1500.00 (I was told only out of pocket for this loan is $800.00) I had all of this done and had contractors sign paperwork as well ... I receive a call I need a 3rd appraisal (not legal according to FHA... read full review »