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

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

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

How to Buy & Finance a 2 Unit Property with a 203K Loan

How to Finance a 2 Flat Rehab As part of my job in assisting clients with financing of properties and related renovation costs I answer many questions.  One frequent question asked is, “Will it be worth all the effort ?”.  Meaning will it be a good financial move for them, will the project turn out pleasing them, will the renovation … Read More

Buy and Rehab a Mixed Use Building with a 203K

                     How to Buy and Rehab a Mixed Use Building with a 203K One of the little known uses of FHA 203k financing is to purchase (or refinance) a small building that has both commercial space and residential space. This is allowed by FHA only for owners who will live in the residential space. The commercial space can be leased … 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

How to Sell Property with Renovation Financing

                                    How to Sell a Property by Offering Renovation Financing:                                                         Realtor Renovation Sales Tool Kit I speak with home owners with properties for sale and Realtors with listings for sale frequently. Many times these properties are not selling quickly. One reason might be the price is too high for the local market conditions. Often a reason a property is … Read More