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203K Full, 203K Streamline, FHA 203k, Mortgage, Success Stories
FHA 203K For a Perfect HomeAn FHA 203k loan might be just the ticket for you to purchase that not so perfect home and make it perfect or to simply stay put and upgrade your existing home. The FHA 203k loan allows you to purchase a home and make required improvements to the property and desired
Fannie Mae Homestyle, Mortgage, Success Stories
HomeStyle Renovation RefreshHomeowners in La Porte, TX gave a home originally built in 1940 new life. This was all made possible using the Conventional HomeStyle Renovation Loan. This family wanted to stay authentic to the age of the home and keep the remodel true to that era. Stove is from the 1950’s and still works
203K Full, 203K Limited, 203K Streamline, FHA 203k, Mortgage, Mortgage Programs, Mortgage Qualifying, Success Stories
Ready to Renovate After House HuntReady to renovate with the power of the FHA 203k loan with her this first time home buyer was off and running on the search for a new home. The search landed her a home in Grand Prairie Texas ! Although initially with the wrong lender as the loan sat
203K Full, 203K Limited, 203K Standard, 203K Streamline, FHA 203k, Mortgage, Success Stories
FHA 203K Project OverviewDreams of home ownership come to life in Austin, Texas thanks to the FHA 203k renovation loan. With inventory at an all time low and home pricing at a high in Texas it just made sense to use the FHA 203k loan to help Alex buy and renovate his home all with
Fannie Mae HomePath, Fannie Mae Homestyle, FHA 203k, Mortgage Programs
The Facts About FHA 203k and HomeStyle Renovation Loan Options in Texas The facts out there about FHA 203k loans and Renovation Loans in general just need to be clarified. It’s easy to hear about what’s wrong or what’s hard about the loan, but instead let’s talk about why FHA 203k loans are great!
203K Full, 203K Streamline
Yes you heard it correct for FHA 203b and FHA 203k …FHA has increased the area loan limits and now in the Dallas/Ft Worth area we are up to $310,500 for a one unit property. And that is not all … after January 26th FHA is lowering the amount of the monthly mortgage insurance premium.
203K Full, Conventional Rehab, Mortgage Programs
You might wonder why the FHA 203k and the HomeStyle renovation loans are awesome for Texas and other part of the country. These dynamic duos in the mortgage world allow homes that would otherwise would not pass inspection or meet minimum property standards to do just that! The fear of what repairs may get “called out” simply vanishes. Any repairs that are required are allowed as well as any repairs or upgrades you would like to do to the home…as long as the home appraises to be worth the cost of the work you are rolling into the loan. Best of all repairs are not done until after the loan closes!
203K Full, Fannie Mae Homestyle, Mortgage Programs
There are so many great uses for the FHA 203k and the Fannie Mae HomeStyle loans, in Texas, that we had to illustrate a few. Looking back over last month it’s clear our clients had the vision. That’s what is takes with some of these homes. Just because the home is slightly distressed doesn’t mean it isn’t a great find!
203K Full, 203K Streamline, Conventional Rehab, Mortgage Programs
It’s important to have options in today’s mortgage world. When it comes to Renovation Lending, working with a lender who offers options and different programs is key to a successful closing. Being able to custom fit a loan to a particular need or circumstance is very much needed when it comes to Renovation Lending.
203K Full, 203K Streamline, Fannie Mae Homestyle, Mortgage Programs
This hot Texas Summer has been filled with lots of people purchasing their homes using a great renovation loan. Renovation loans are so versatile that they can be used for purchases, refinances and even singular items. Let me share with you some examples of some recent projects and how the loans can vary. _______________________________________________________________________________________ Location: Sachse,
Mortgage
Buying a HUD owned property in Texas is a slightly difference process than purchasing from an individual seller. These are usually great buys but there are just some things to consider. Far too many times I’ve seen buyers disappointed by the process simply because they were unaware of some of the, let’s just call them
Fannie Mae HomePath, Mortgage Programs
Have you heard the news? As of October 6, 2014 the HomePath and HomePath Renovation Programs will be history. That’s right; Fannie Mae recently announced that they are retiring this loan program. Any person purchasing a Fannie Mae owned property wishing to use either a HomePath or a HomePath Renovation loan must have a fully executed contract dated on or before October 6, 2014. Fannie Mae has yet to state the date the loan must close but it’s speculated that it would need to close by January/February of 2015.
203K Full, Fannie Mae Homestyle, Mortgage Programs
Looking back it’s clear we have had a lot of great renovation loan projects so far this year! Renovation loans are so versatile that they can be used for purchases, refinances and even singular items. Let me share with you some examples of some recent projects and how the loans can vary. Location: McKinney, TX
203K Full, Mortgage Programs
Did You Know? FHA 203k Renovation Loan Power! There are many advantages to the FHA 203k Renovation loan in Texas. Let’s review some of the most often asked questions and see if you knew it was possible… Number #1 most often asked question is…Can foundation work be rolled into an FHA 203k Renovation loan? YES!
203K Full, Fannie Mae Homestyle, Mortgage Programs
Renovation Mortgage Loans such as the FHA 203k and the Fannie Mae HomeStyle are so exciting that we just can’t keep some of the recent projects to ourselves. It’s been a busy April and we just had to share some success stories. The possibilities are endless and with some vision as well as one of these great loans a lot is possible!
Home Improvement, Mortgage
Renovation Refinances – After Repair Value Provides More Room to Renovate 203k & HomeStyle Renovation Mortgages – Turn YOUR House BACK Into YOUR Dream Home Life, inevitably, comes with change. Babies are born, those babies grow up, they head off to college. Income fluctuates up and down with good and bad economic times, promotions,
203K Full, Fannie Mae Homestyle, Mortgage Programs
Renovation mortgage loans are really taking off early in 2014. People are seriously realizing how valuable renovation loans are when it comes to purchasing and renovating a property. Renovation loans such as the Fannie Mae HomeStyle and the FHA 203k allow for so much…check out some recent projects that are kicking off and stay tuned for “after pictures.”
203K Full, Mortgage, Mortgage Programs
What’s great about the FHA 203k Renovation loan? Well I could talk for hours about it but why not hear from a recent client of ours that closed on an FHA 203k Renovation loan as a refinance. Let me set the scene for you…We got their call one afternoon after their current contractor walked off
Credit, Mortgage
FHA’s Back To Work Program – Own a home again with a shorter waiting period after an economic event! How would you like to be eligible for an FHA loan and not wait 3 years after a foreclosure, pre-foreclosure or deed in lieu? I’m sure it wouldn’t take long for you to answer, YES! FHA has made this possible through Mortgage Letter 13-26 with their Back to Work Program!!
Mortgage Programs
There are a lot of moving parts with a FHA 203k loan. So…how do you know what lender is the best to work with? In looking at the HUD endorsement report I have to admit I was surprised at how many lenders are approved to do the FHA 203k loans and what was more surprising was how few were actually done by the companies listed.
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