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Hot 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 More203k Contractors in Texas
By Leesa Sandoval
In Texas there are no licensing requirements for a general contractor. Most of the 203k rehab projects have general contractors that run the project and most often will have sub-contractors that work for them. The sub-contractors that do perform work that require a license are: plumbers, electricians and AC contractors. The license is required to pull a permit but we must also be able to verify the license before final approval can be issued.
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.
Read MoreRenovation Lending: What Can It Do For You?
By Leesa Sandoval
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.
Read MoreHow to Have A Successful FHA 203k Renovation Loan Closing
By Leesa Sandoval
I’ve heard so much chatter lately regarding FHA 203k renovation loans that I thought it was time I dispelled some of those rumors floating around. Especially those pertaining to whether or not these loans actually do close!
Read MoreDon’t Be Scared of Foreclosures or Homes in Need of Renovation!
By Leesa Sandoval
Current market conditions dictate that lenders are able to offer versatile lending programs to their customers. Specifically being able to offer renovation lending options is key. Almost 70% of America’s homes build before 1992 and the vast inventory of foreclosed properties are uninhabitable. This alone means that consumers will need options to be able to move into these homes. Coupled with that you, as the Realtor, need inventive ways to market, list and ultimately sell these homes.
Read MoreHUD 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 MoreThe FHA 203k Streamline Renovation Loan: Home Rehab Made Easy
By Leesa Sandoval
Don’t miss an opportunity to bid on a home that needs light cosmetic updating. Why, you ask? The answer is simple, purchase using the FHA 203k streamline renovation loan. Unlike FHA’s full 203K program, an FHA Streamline 203K loan eliminates much of the paperwork to obtain rehab funds. Also the guidelines were recently updated to allow for roof work to be included; it’s no longer considered a major structural repair which is great news!
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 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.
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