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

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

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

HomeStyle Loan Advantages Over FHA 203K

                                            HomeStyle Renovation Loan Advantages Over FHA 203K Recently I was asked to explain differences between the HomeStyle rehab loan and the FHA 203k rehab loan. Both types of loans are based on the final, finished or “after completed” value of the property with all renovations included rather than just the purchase price or present value. There can be advantages … 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