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HUD Homes: How To Purchase and Renovate With Only $100 Down
By Leesa Sandoval
Ever heard of the HUD 100 program? I’m amazed that so many people are surprised when they hear they can purchase and renovate a home with a down payment of only $100.00!! Housing and Urban Development (HUD) has a great program, that actually has been around for quite some time, called the HUD 100 program. Basically, if the home you want to purchase qualifies than you can purchase the home and your down payment is reduced to simply $100.00.
Read MoreWhy Buy New When You Can Renovate?
By Leesa Sandoval
With the amount of homes on the market listed for sale, instead of starting from scratch and building new, why not buy an existing home “as is” and renovate to fit your specific taste? Find a house with some great bones, in a neighborhood you love and renovate that house to be your dream home.
Read MoreIt’s Time to Get on the FHA 203k Rehab Bank Wagon
By Leesa Sandoval
The use of FHA 203k loans are up 28% from 2010 to 2011 so…how would you like to increase your business by 28 % this year? With that type of increase in 2011, 2012 is sure to be buzzing about the FHA 203k rehab loan. This could be just the ticket you will need to get some listings sold or pick up some more buyers!!
Read MoreHow the FHA 203k Rehab Loan Can Help A Home Sell
By Leesa Sandoval
Listing a home for sale that isn’t quite move-in ready doesn’t have to be an impossible task. In fact, it could be advantageous to you to have a home that needs some repairs simply because now you can offer a potential buyer a chance to customize a home to their liking prior to moving in. How is this possible you ask? The FHA 203k renovation loan is the answer!
Read MoreFoundation Repair and the FHA 203k Rehab Loan
By Leesa Sandoval
If you are shopping for a new home and feel that foundation issues could be a deal breaker it might be time to think again. Especially for those of us in Texas since foundation issues seem to be on everyone’s mind. Don’t let that perfect house slip away just because of a foundation issue – the FHA 203k loan DOES allow for foundation work. In fact, it’s a common misconception that foundation repair is not allowed. That’s simply not true!
Read MoreWhat is a 203k loan?
By Leesa Sandoval
Many people ask, what is a 203k loan? The 203k loan allows the borrower to borrow extra money to renovate or repair the residence at the low FHA required down payment of 3.5%. Also, the loan amount can go up to 110% of the home’s value after repairs/renovations.
Read MoreUsing an FHA 203k Loan to Sell More Homes
By Leesa Sandoval
The FHA 203k Rehab Loan allows you, the Real Estate Agent, to offer your clients a way to sell and market their home to potential buyers in a different fashion. It also allows you as the buyer’s agent a way to offer your client some options in the event their complaint is the color of the walls or the carpet.
Read More4 Things to Avoid for A Successful Closing – Texas
By Leesa Sandoval
The worst thing that can happen is to make it all the way to the closing table and have one of these items happen to you.
Remember that a lender can review any part of your financial, credit or residency history at any point of the applicaiton process.
Read More7 Tips To A Successful Mortgage Closing-Texas
By Leesa Sandoval
Home buyers in Texas and across the nation are often asking what they can do to ensure a smooth closing. With all of the changes in this industry and to our Underwriting guidelines I have put together a small list of items, which if followed, will aid to make your closing a success.
Read More5 Items to Consider When Doing an FHA 203k loan
By Leesa Sandoval
There are many componets of an FHA 203k Rehab loan. Sometimes it’s good to get another perspective on the important pieces of this loan. Also it’s important to rememeber that a successful 203k loan takes collaboration from all parties, including the contractor.
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