Renovation Required FHA 203K or Conventional Renovation

"The Jack of all Trades is the Master of None“”  originates from Shakespearean days and is true today as it was then. When it comes to todays Renovation/Construction loan programs. Most mortgage companies take a general approach to lending, they TRY any loan that comes their way. How many of you ...

As the nation has went through the housing boom and moved into the housing bust – no organization currently owns more homes than Fannie Mae. To help drive demand for home buyers to want to buy this inventory, Fannie Mae has come out with a special financing program called HomePath Renovation Mort...

Just read a acticle on CNN Money that Millennials are squeezed out of the home buying market because of cash offers and low inventory. http://money.cnn.com/2014/06/01/real_estate/millennials-squeezed-out/index.html?hpt=hp_t2 Yes today's real estate market is very competitive but 1st time homebuye...

It's funny now that refinance business has slowed down and how many lenders have jumped into the FHA 203k, Homestyle and HomePath renovation loans the last 6 months. Agents be careful who you trust to handle your renovation clients. The New Renovation Specilist not only originates renovation loan...

FHA 203K, is it your Customer’s Best Option? Most renovation mortgage clients only know about FHA’s 203k loan, they are not aware that they may also have another option from Fannie Mae ,the HomeStyle Renovation Loan. The HomeStyle is a conventional renovation mortgage, it goes buy slightly tighte...