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

Rehab A Chicago Bungalow !

Traditional Size Bungalow above   Larger Yellow Octagon Front Bungalow   Being a Chicago resident I am very familiar with the traditional brick Chicago bungalow style home. My grandparents had one I spent a lot of time in while growing up. As a family we had many happy times there and made great memories. There was something about the basic, functional … Read More

First Time Buyers Can Add Money to Rehab in One Mortgage

                                                                                       First Time Buyer? Do you know a mortgage exists that includes rehab                                                                                                                                        funds ?  In one Loan ! If you have read my Blog before you know it’s my passion to spread the word about renovation mortgages !   It’s the best kept secret in home buying. Buy the home with a small down payment and add … Read More

Don’t Walk Away From a Fixer-Upper – Use HomeStyle to Buy & Rehab

                                                             Don’t Walk Away From a Fixer-Upper                                         Use HomeStyle Renovation Mortgage to Buy & Rehab It                                                                                                                                            My goal as a Loan Officer is to get the word out and educate everyone on how to buy property and add money into the same loan to do remodeling and updates.  One of the least known mortgages out there is called … Read More

Top 10 HomeStyle Rehab Loan Question & Answers

In my work helping people finance and plan home renovations I’m asked what types of loans are available. Many times the first loan option that is known would be the FHA 203K. Previously I have written the top questions and answers on 203K at http://perryfarella.com/2014/09/top-20-questions-buyers-owners-ask-fha-203k-renovation-loans/ . There is another rehab loan option called HomeStyle. Here I will answer the top … Read More

How To Find & Buy A Property Using A Renovation Loan

                              How to Find and Buy a Property Using Renovation Financing:                                                    Realtor & Buyers Renovation Tool Kit I speak with many Realtors who work with buyers. The buyers may have questions about crime statistics, roads, public transportation, local amenities, school system statistics, etc. Many buyers will ask to see properties based on these criteria and more. Buyers are … Read More

The Other Renovation Loan : Homestyle

The question is asked, what other loans are there for repairs to a home or renovation besides an FHA 203K or as an alternative to FHA 203K ? Is there a rehab loan for investment rental property ? Is there a rehab loan for a vacation home ? Is there a renovation refinance mortgage loan other than 203K ? Many … Read More