Renovation Lending Institute

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Services for Real Estate Pros - Renovation Lending Institute
The Renovation Lending Institute (RLI) is dedicated to informing, educating, and certifying real estate agents, loan officers, contractors and homebuyers on the FHA 203k Renovation Loan. Homebuyers who purchase homes that are in need of cosmetic or major renovations and repairs can utilize the FHA 203k Renovation Loan to purchase and renovate the home of their dreams with one loan. Existing homeowners can utilize the FHA 203k Renovation Loan to update, upgrade or complete major home renovation projects including new rooms, additional square footage, new kitchens, new roofs, windows, doors, appliances and flooring. RLI believes that only through education and certification of real estate profesionals, lenders and contractors can the FHA 203k Renovation Loan be utilized by more homebuyers and accepted by more home sellers. www.renovationlendinginstitute.com
RECENT BLOG POSTS
Documenting funds to close and paper trailing of large deposits and gift funds has been an on-going challenge in underwriting and in the field.  FHA has requirements when it comes to documenting and verifying the information on the bank statements and verification of deposits.  In some cases, a V...
06/28/2011
The FHA (Federal Housing Administration) has extended the temporary waiver of the less than 90-Day Anti-Flipping Rule.  The extension will permit buyers to continue to use FHA financing to purchase HUD-owned properties, bank owned properties and properties resold through private sales through 201...
06/27/2011
 The percentage of mortgage applications rejected by the nation's largest lenders increased in 2010 Banks' cautious lending practices are hampering the nascent housing market recovery The nation's 10 largest mortgage lenders denied 26.8% of loan applications in 2010, an increase from 23.5% in 200...
06/25/2011
30-Year Fixed Rates (FRM) averaged 4.50 percent with an average 0.8 point for the week ending June 23, 2011, unchanged from last week when it averaged 4.50 percent. Last year at this time, the 30-year FRM averaged 4.69 percent.   15-Year Fixed Rates  this week averaged 3.69 percent with an avera...
06/23/2011
The FHA, Fannie Mae and Freddie Mac will begin to take on a larger share of seriously delinquent loans and foreclosed properties Policymakers will be an important factor for home prices, since these entities could in theory be used to hold supply off of the market in an effort to support prices ...
06/22/2011
Home sales sank 3.8% last month to a seasonally adjusted annual rate of 4.81 million homes The is the weakest pace since November 2010 according to the National Assoc. of Realtors That is far below the 6 million homes per year sold in healthy housing markets Home sales have fallen in four of the...
06/21/2011
The importance of a thorough "Home Inspection" is shown in this informative video. A qualified home inspector will examine all major structural elements of a home and allow the buyer, and seller, to accurately asses the true condition of the home. CLICK ON THE LINK BELOW TO WATCH THE VIDEO: http:...
06/20/2011
"...demographers like Arthur Nelson at the University of Utah predicts that there will be 22 million unwanted suburban homes by 2025..." There is a shift from quarter-acre suburban lots to denser neighborhoods and will result in higher property values Established city enclaves and "new urbanist" ...
06/17/2011
The increasing frequency of natural disasters, which have caused a tripling of insurance losses since the 1960's, will put "Disaster Design" and "Fracture-Critical Design" into the spotlight for new home construction and "home renovation and remodeling". The FHA 203k renovation loan can finance m...
06/16/2011
"...California is one of the youngest states in the nation, according to census data, with a median age of 35.2, compared with 38.0 in New York. Although there are many Gen Xers of home-buying age in the state, many "bore the brunt of sub-prime mortgage and housing bubble crash," Nickelsburg said...
06/15/2011
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Renovation Lending Institute

local_phone(800) 385-3503
smartphone(714) 681-3768
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“The Renovation Lending Institute (RLI) is consortium of industry professionals committed to the revitalization of our nation’s housing stock and creating sustainable homeownership.” Homebuyers who purchase homes that are in need of cosmetic or major renovations and repairs can utilize the FHA 203k Renovation Loan to purchase and renovate the home of their dreams with one loan. Existing homeowners can utilize the FHA 203k Renovation Loan to update, upgrade or complete major home renovation projects including new rooms, additional square footage, new kitchens, new roofs, windows, doors, appliances and flooring. RLI believes that only through education and certification of real estate profesionals, lenders and contractors can the FHA 203k Renovation Loan be utilized by more homebuyers and accepted by more home sellers. www.renovationlendinginstitute.com