Rehabbing a Historic Home ? Use HomeStyle Renovation Mortgage Financing

  As a Loan Officer who specializes in renovation financing I wanted to illustrate how the HomeStyle® renovation mortgage from Fannie Mae can be helpful in funding the purchase and remodeling of a historic home. Or if you are an owner of a historic home this loan can be used to provide funding for a renovation. This loan is helpful … Read More

HomeStyle Renovation Mortgage- 3 Quick Examples

  As a Loan Officer specializing in renovation financing I wanted to pass along 3 examples of how the Fannie Mae Conventional HomeStyle renovation mortgage has worked for clients of mine. My own view is this conventional rehab mortgage has not been explained well to consumers and not publicized well. I’m writing today to encourage those who either own a … Read More

10 Budget Friendly Ideas for Your Bathroom

  Whether you are financing your remodeling project with an FHA 203K or HomeStyle rehab loan here are great bath update ideas from Badeloft.com If your bathroom needs an update, your first instinct might be to remodel it. Your second might be to panic because remodeling can take a bite out of your budget. While your bathroom could benefit from … Read More

How HomeStyle or 203K Let You Manage the Rehab Process Even With No Experience

In my job as a Renovation Loan Officer I speak with clients that may be deciding between a rehab property to purchase or a totally finished property. One of the concerns expressed to me is the lack of previous experience working with contractors or managing a home rehab project. This is certainly a legitimate concern. After all not everyone is … Read More

Why a Home Renovation Can be Delayed & It’s Not Unusual

                                                Before                                                                                    After   In my role as a Loan Officer specializing in financing residential rehab projects with the conventional … Read More

Why Finance a Home Rehab Project ? “After Improved Value” is Why

 As I speak with clients and those referred to me who have questions about doing a home renovation project the subject of cost and finance is always present. My focus is providing guidance on how a home renovation can be paid for. What I mean by home renovation is either your current home or one you may be planning to … Read More

Investors Need Cash for a Home Rehab ? Try HomeStyle Mortgage

Recently I was speaking with an investor who buys old houses or foreclosures to rehab and sell. His business model is not to retain these homes and lease to tenants. Rather he buys, rehabs and sells for a profit to replenish his cash. He was telling me he uses all his own cash as he hasn’t found a bank to … Read More

The Fear of Cost on a Home Rehab Project

This year I have met many clients who are exploring whether to buy a property to rehab or not. Other of my clients are thinking of a rehab on a home they have purchased in the last few years that no longer serves their needs. In some cases there is a fear of doing a renovation that I detect. As … Read More

How to Buy with 5% Down- HomeStyle + PMI

How to Buy with 5% Down: HomeStyle Conventional + Private Mortgage Insurance Anyone who has read my Blog knows I am a big advocate of buying a property with a rehab loan. The reason why is often such properties can be bought at a discount in a buyers preferred area. Meaning why not buy the worst house in the nicest … Read More