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The Fannie Mae HomeStyle Renovation Loan in Texas
By Leesa Sandoval
The Fannie Mae HomeStyle Renovation loan in Texas is a great loan option when you find a home that you love but it needs a little updating. This updating could be just cosmetic such as adding hardwood floors or more structural such as foundation repair.
Read MoreTrue or False: The FHA 203k Renovation Loan in Texas is Just for HUD Foreclosures
By Leesa Sandoval
The FHA 203k Renovation loan along with its conventional counterpart, the Fannie Mae HomeStyle Renovation loan, can be used for any type of property. Furthermore either can be used for a purchase or a refinance. I think far too often these loans are associated with HUD or bank foreclosures since those homes tend to be the most distressed but that’s not always the case. This is especially true in today’s market due to the speed at which the inventory is going under contract.
Read MoreRenovation Mortgage Loans in Texas
By Leesa Sandoval
Renovation Mortgage Loans in Texas are great tools for buyers and sellers alike. They open the door for a buyer to purchase and then renovate a home to their liking. They also allow a seller to sell the home “as is” which then prevents the seller from doing a lot of unnecessary repairs/upgrades prior to selling. I use the term broadly here because the loan is as specific as the work to be done to the home.
Read MoreThe FHA 203k Streamline Loan Made Easy in Texas
By Leesa Sandoval
The FHA 203ks or the FHA 203k Streamline loan is the answer for those wishing to purchase and renovate a home in Texas. Let’s talk for a moment about a home that has a great structure but just needs some light renovation. Why walk away from it when you can simply finance the cost of the new paint job or the new granite counters…just to name a few examples. Simply put the FHA 203k streamline loan eliminates much of the hassles needed to obtain its counterpart – the FHA 203k full loan.
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