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How to Sell a Home with the Escrow Holdback Program
By Leesa Sandoval
As a listing agent what happens when you have a great foreclosure listing but the AC condenser goes missing? The seller doesn’t want to replace it because it will probably go missing again and they have already put enough money into the house being that it’s a foreclosure. The buyer doesn’t want to replace it until they own the home so…what are your options?
Read MoreNeed an Escrow Holdback for Home Repairs-Texas
By Leesa Sandoval
Are you trying to buy a property in Texas or across the nation that is in need of minor repairs and you have a seller unwilling to make those repairs? Would you like a program that allows you to not to have to come out of pocket with the funds for the repairs? Well if so I have a solution for you – our Escrow Holdback Program.
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.
Read MoreAdd Value to Your Home With the FHA 203k Loan
By Leesa Sandoval
When doing an FHA 203k Rehab Loan anywhere in the nation there are a couple of things to consider. First of all the property maybe in poor condition and some repairs maybe required…such as foundation or roof repairs. Secondly there are the cosmetic upgrades that aren’t necessarily required but that will make the home more to your liking and these changes can add great value to the home.
Read MoreThe FHA 203k Loan Overview
By Leesa Sandoval
The 203k Renovation Loan is a great way to purchase a new home in need of repairs or renovate your current home. Think of it as a one-time-close construction loan but with more relaxed standards because it’s insured by FHA. below are some of the highlights and some useful information but to discuss your unique situation or to apply please give me a call today.
Read MoreThe FHA 203K Streamline Rehab Loan
By Leesa Sandoval
If you’ve been passing up buying a home in Texas because it requires cosmetic repairs and you are lacking the funds for repairs and/or upgrades FHA has a program for you. Not to be confused with FHA’s full 203K program, a Streamlined 203K loan eliminates much of the paperwork and simplifies the process to obtain rehab funds.
Read MoreFHA 203k Renovation Loan Series (Part 4) – Texas
By Leesa Sandoval
Now that you know what’s allowed with the 203k Renovation Loan in Texas it’s important that we discuss what’s not allowed. Any luxury item and/or improvement that does not become a permanent part of the property is not eligible.
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