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The 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 MoreConventional Loans with 3% Down – They Are Real!
By Leesa Sandoval
Now might be a good time to think about a Conventional loan with only 3% Down. Why you ask? Well with FHA’s new mortgage insurance policy in place for both the 30 year and 15 year loans, a good alternative is a Conventional loan especially when we can get you one with only 3% down!!
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 MoreRediscovering the Fannie Mae HomeStyle Renovation Loan
By Leesa Sandoval
The Fannie Mae HomeStyle Renovation loan has gotten very little press lately in Texas. I’m not quite sure why since it’s a conventional loan that allows you to purchase or renovation a home with only 5% down. Let’s say you are refinancing and need money for repairs. This loan is your key! It’s the perfect hidden treasure for those needing a mortgage loan with a low down payment and the ability to finance repairs/upgrades.
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 MoreRemodeling? Relocating? In Need of A Change with Options?
By Leesa Sandoval
These days almost everything is under one roof. When is the last time you went to a grocery store that didn’t also contain a bank and possibly a coffee shop? It’s nice to get everything taken care of at one. That’s the approach we take with regards to Renovation Lending. We like to offer options with the understanding that not everyone is going to fit in the same box. Having the ability to offer a wide array of products as well as the ability to lend across the United States should make us your lender of choice!
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 MoreRenovation Lending: Taking the Guesswork Out of Writing the Contract
By Leesa Sandoval
Renovation Lending is a thing of the present and it offers so much to the buyer, seller and the respective agents. Not only that but it’s a very simple loan to obtain and even close. The short video above will show you just how easy it is to write the sales contract but let me just lay out a few examples below of how useful this loan can be.
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