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What are Loan Eligibility Requirements for an FHA 203k?
By Leesa Sandoval
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FHA Loan Limits Increase to an Even More Classy Range – Texas
By Leesa Sandoval
Yes you heard it correct for FHA 203b and FHA 203k …FHA has increased the area loan limits and now in the Dallas/Ft Worth area we are up to $310,500 for a one unit property. And that is not all … after January 26th FHA is lowering the amount of the monthly mortgage insurance premium.
Read MoreDynamic Duos: The FHA 203k and HomeStyle Renovation Loans Are Awesome
By Leesa Sandoval
You might wonder why the FHA 203k and the HomeStyle renovation loans are awesome for Texas and other part of the country. These dynamic duos in the mortgage world allow homes that would otherwise would not pass inspection or meet minimum property standards to do just that! The fear of what repairs may get “called out” simply vanishes. Any repairs that are required are allowed as well as any repairs or upgrades you would like to do to the home…as long as the home appraises to be worth the cost of the work you are rolling into the loan. Best of all repairs are not done until after the loan closes!
Read MoreAmazing Transformations Using the FHA 203k and HomeStyle Renovation Loan! Buy it, Renovate it all with one Loan!
By Leesa Sandoval
There are so many great uses for the FHA 203k and the Fannie Mae HomeStyle loans, in Texas, that we had to illustrate a few. Looking back over last month it’s clear our clients had the vision. That’s what is takes with some of these homes. Just because the home is slightly distressed doesn’t mean it isn’t a great find!
Read MoreTransformations Made Easy With The FHA 203k or Fannie Mae HomeStyle Loans!
By Leesa Sandoval
It’s important to have options in today’s mortgage world. When it comes to Renovation Lending, working with a lender who offers options and different programs is key to a successful closing. Being able to custom fit a loan to a particular need or circumstance is very much needed when it comes to Renovation Lending.
Read MoreHot Texas Summer Filled With Lots of Hot Renovation Loans
By Leesa Sandoval
This hot Texas Summer has been filled with lots of people purchasing their homes using a great renovation loan. Renovation loans are so versatile that they can be used for purchases, refinances and even singular items. Let me share with you some examples of some recent projects and how the loans can vary. _______________________________________________________________________________________ Location: Sachse,
Read MoreLooking Back At Some Great Uses For Renovation Loans
By Leesa Sandoval
Looking back it’s clear we have had a lot of great renovation loan projects so far this year! Renovation loans are so versatile that they can be used for purchases, refinances and even singular items. Let me share with you some examples of some recent projects and how the loans can vary. Location: McKinney, TX
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