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Posts By Reno Loan Expert
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 - 404-939-0622
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 - 404-939-0622
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 - 404-939-0622
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 - 404-939-0622
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 - 404-939-0622
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 - 404-939-0622
Turning a house into a dream home – that is the power of FHA 203K renovation financing. From extra bedrooms to a kitchen update, a family room to a luxurious master bath, from a modest expansion to full on ground up remodel, FHA 203K renovation financing offers homeowners a cost effective way to fulfill their unique vision.
Atlanta, Georgia - 404-939-0622
I’m trained, I know how to paint, I was a carpenter in college, I’ve been doing this for years. I’ve heard all the reasons as to why homeowners should be able to complete their own renovations. I sympathize, I really do. I want you to be responsible for renovating your own house. However, today I want you to realize why this presents a problem, why underwriters don’t want you to try and why many FHA 203k lenders don’t allow it.
There are a couple of valid and pertinent reasons why underwriting has a problem with you doing your own renovations and why FHA 203K self help is against the rules at many lenders.
Atlanta, Georgia - 404-939-0622
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