Mini Mortgage Questionaire
Posts By Jonathan Blackwell
Whether you are a buy and hold investor or a fix and flip and investor the deals are there. However, the problem for most investors isn’t lack of deals, its lack of FUNDS. Many of these dilapidated properties are not eligible for traditional financing and sit waiting for an investor ready to adopt the poor orphan with cash or with ridiculously expensive hard money financing. Believe it or not, you have ANOTHER option. Enter the Fannie Mae Homestyle Renovation Loan!
Atlanta, Georgia - 404-551-3845
Many homeowners’, however, also have some renovation needs they’d like to take care of as well. However, due to lower loan to value’s and declining property values they don’t think they have the room pull the cash out and go to work. Stand corrected homeowners! Intro the FHA 203K for refinance!
Atlanta, Georgia - 404-551-3845
Conventional financing won’t work on an unfinished property. FHA 203K loans require a Certificate of Occupancy which is unattainable if the property was never finished. If you lack the funds to purchase in cash you have but one option, the FANNIE MAE HOMESTYLE renovation loan. How does it work?
Atlanta, Georgia - 404-551-3845
With the economy flat and home prices stagnant people are looking to get more out of their renovations. Whether it is a FHA 203K purchase or a Fannie Mae Homestyle refinance, going green with your new renovation will pay dividends for years to come. Whether your goal be energy savings, an allergen free home or saving the planet; here are 5 fresh ways to go green on the next face lift for your home.
Atlanta, Georgia - 404-551-3845
There is a huge demand for FHA 203K loans in the Georgia & Alabama mortgage markets and throughout the US. That demand has prompted a lot of unqualified lenders and loan officers to attempt to grab their piece of the pie. This loan is not for rookie, it requires experience and expertise. Your choice of [...]
Atlanta, Georgia - 404-551-3845
Many people are quickly becoming familiar with the FHA 203K, but not so many know about its conforming sister the Fannie Mae Homestyle. So, when is the Fannie Mae Homestyle the right loan?
Atlanta, Georgia - 404-551-3845
FHA 203K loans require a little more coordination than a traditional loan would. In order to ensure we have a closing that is as smooth as possible and on TIME I have created this post to guide you Realtors on how you can us assist us AND your clients in getting our FHA 203K [...]
Atlanta, Georgia - 404-551-3845
Easy question right? Full FHA 203K over $35,000 and the Streamline 203K under $35,000. Post over right?
Sadly no. I get calls every daily from distraught homebuyers, distraught Realtors and distraught loan officers who’ve had a streamline 203K denied. Denied not because of the 203k renovation amount, denied because the scope of the work did not [...]
Atlanta, Georgia - 404-551-3845
So much of today’s on the market housing stock is in the form of foreclosures. Many of them aren’t livable and have been vacant for some time. Entire neighborhoods sit vacant, havens for crime and an eyesore to surrounding neighborhoods. What if we could get a movement going to help take these properties and provide affordable green renovations for buyers in need through FHA 203K renovation loans?
Atlanta, Georgia - 404-551-3845
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