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Double the Fun with the FHA 203k and HomeStyle Renovation Loan Options – Texas
By Leesa Sandoval
The Facts About FHA 203k and HomeStyle Renovation Loan Options in Texas The facts out there about FHA 203k loans and Renovation Loans in general just need to be clarified. It’s easy to hear about what’s wrong or what’s hard about the loan, but instead let’s talk about why FHA 203k loans are great!
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 MoreHeads Up: Fannie Mae Cancels the HomePath and HomePath Renovation Programs
By Leesa Sandoval
Have you heard the news? As of October 6, 2014 the HomePath and HomePath Renovation Programs will be history. That’s right; Fannie Mae recently announced that they are retiring this loan program. Any person purchasing a Fannie Mae owned property wishing to use either a HomePath or a HomePath Renovation loan must have a fully executed contract dated on or before October 6, 2014. Fannie Mae has yet to state the date the loan must close but it’s speculated that it would need to close by January/February of 2015.
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
Read MoreDid You Know? FHA 203k Renovation Loan Power!
By Leesa Sandoval
Did You Know? FHA 203k Renovation Loan Power! There are many advantages to the FHA 203k Renovation loan in Texas. Let’s review some of the most often asked questions and see if you knew it was possible… Number #1 most often asked question is…Can foundation work be rolled into an FHA 203k Renovation loan? YES!
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