What a difference six months can make to our industry! I used to say “consider a renovation loan if move-in ready perfection is not in your clients budget.” Fast forward six months and what I am saying now is …”if that perfect home has multiple offers you might need to consider counseling on utilizing a renovation mortgage loan.”
Need an Escrow Holdback for Home Repairs – Texas
Are you trying to buy a property that is in need of minor repairs and ...
HomeStyle Renovation Loan: Great for the Upcoming Summer Months
Summer is just around the corner so now is the time to start thinking about ways to keep cool. One great way to do this is to add or repair your existing pool. How can this be accomplished in a very cost effective way? The answer, use the Fannie Mae HomeStyle Renovation loan. This is a great loan for a current homeowner looking to do some luxury backyard upgrades or maybe for your new home that you are considering purchasing.
Why Buy New When You Can Renovate?
With the amount of homes on the market listed for sale, instead of starting from scratch and building new, why not buy an existing home “as is” and renovate to fit your specific taste? Find a house with some great bones, in a neighborhood you love and renovate that house to be your dream home.
What to do When a Home Has Foundation Trouble
Finding out that a home has foundation issues is not an uncommon occurrence. This is especially true of Texas because of the highly expansive clay soils. The main cause of foundation is too much moisture or not enough.
It’s Time to Get on the FHA 203k Rehab Bank Wagon
The use of FHA 203k loans are up 28% from 2010 to 2011 so…how would you like to increase your business by 28 % this year? With that type of increase in 2011, 2012 is sure to be buzzing about the FHA 203k rehab loan. This could be just the ticket you will need to get some listings sold or pick up some more buyers!!
How the FHA 203k Rehab Loan Can Help A Home Sell
Listing a home for sale that isn’t quite move-in ready doesn’t have to be an impossible task. In fact, it could be advantageous to you to have a home that needs some repairs simply because now you can offer a potential buyer a chance to customize a home to their liking prior to moving in. How is this possible you ask? The FHA 203k renovation loan is the answer!
Foundation Repair and the FHA 203k Rehab Loan
If you are shopping for a new home and feel that foundation issues could be a deal breaker it might be time to think again. Especially for those of us in Texas since foundation issues seem to be on everyone’s mind. Don’t let that perfect house slip away just because of a foundation issue – the FHA 203k loan DOES allow for foundation work. In fact, it’s a common misconception that foundation repair is not allowed. That’s simply not true!
HUD $100 Down Program is Back for Select States including Texas
Lets get some HUD foreclosures moving!! From now until October 2012 homebuyers need a down payment of only $100.00 to purchase a HUD owned home. This is only available for owner occupant purchases and the buyer will be required to use an FHA loan. Normal FHA underwriting guidelines apply and the sale must be for the full amount of the current list price. Also in most cases HUD will cover 3% of the closing costs for the buyer!!
203k Rehab Mortgage Professional
• Leesa Sandoval
• 972-725-9110
I have been a Senior Loan Officer in Dallas, TX for over 8 years, and I specialize in FHA 203k Rehab Mortgage Financing .....(More)
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