x
NEXTA
Don’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 MoreMaking Sense of the FHA 203k and the Fannie Mae HomeStyle Renovation Loan
By Leesa Sandoval
We all want options so what’s better than having options when it comes to financing the purchase of your new home or the refinance of your current home? Taking this a step further let’s consider not only financing but also renovating that home! Yes, there are options with respect to the FHA 203k Renovation loan and the Fannie Mae HomeStyle Renovation loan. Both of these have had a lot of press lately so it’s important to understand the options and to pick the loan that best fits your needs. That’s where I come in…Let’s compare the FHA 203k Renovation loan to the Fannie Mae HomeStyle Renovation loan.
Read MoreHomeStyle Renovation Loan: Great for the Upcoming Summer Months
By Leesa Sandoval
Summer is just around the corner so now is the time to start thinking about ways to keep cool. One great way to do this is to add or repair your existing pool. How can this be accomplished in a very cost effective way? The answer, use the Fannie Mae HomeStyle Renovation loan. This is a great loan for a current homeowner looking to do some luxury backyard upgrades or maybe for your new home that you are considering purchasing.
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 MoreFHA 203k Rehab Loan vs. Fannie Mae’s HomeStyle Rehab Loan
By Leesa Sandoval
There are actually a few options out available when it comes to rehabbing your home – for both purchase and refinance transactions. One of the challenges can be to find that perfect rehab loan to fit your needs. It’s my goal to make that selection easier. Today, I’d like to compare and contrast two of my favorites: The FHA 203k Rehab loan vs the Fannie Mae HomeStyle Rehab loan.
Read MoreFannie Mae HomeStyle Rehab – High Balance
By Leesa Sandoval
By now you are probably familiar with the FHA 203k Rehab loan but did you know that Fannie Mae offers a rehab loan which may allow for more flexibility? The Fannie Mae HomeStyle Rehab loan allows for the installation/repair of luxury items as well as High Balance Loans – you are not limited to $417,000.00. In many cases we can finance up to $800,000.00 but the limits will vary from county to county. You may click here to review the county loan limits.
Read MoreEasy Money For Backyard Renovations in Texas
By Leesa Sandoval
The hot Texas summer is coming so wouldn’t it be nice to renovate your backyard? Maybe add a pool or an outdoor kitchen? Or maybe you are just in need of some landscaping. Regardless of your need the Fannie Mae HomeStyle Renovation loan is going to be the answer. By saying this of course I’m referring to a refinance of your current mortgage but if you are simply in the market for a new home the Fannie Mae HomeStyle Renovation loan can help as well.
Read MoreHow to Purchase a Fannie Mae Foreclosure
By Leesa Sandoval
Fannie Mae offers a special program to utilize when purchasing one of their foreclosures. This program is called the Fannie Mae HomePath Renovation Loan. There is also a program simply named Fannie Mae HomePath for homes that need no renovations.
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 More