The world of renovation lending isn’t a one size fits all type of business. Each loan is customized for each client’s individual needs. I wanted to take a moment to show you some examples and give you a brief overview of some of the loans that I offer.
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The Fannie Mae HomeStyle Renovation loan has gotten very little press lately in Texas. I’m not quite sure why since it’s a conventional loan that allows you to purchase or renovation a home with only 5% down. Let’s say you are refinancing and need money for repairs. This loan is your key! It’s the perfect hidden treasure for those needing a mortgage loan with a low down payment and the ability to finance repairs/upgrades.
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