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renovation loans: Growing Demand for Renovation Loans - 12/15/11 10:55 PM
     
 
As the Nation's Second Largest 203K Lender, Prospect Sees Demand Growing for Renovation Loans
Currently, foreclosures account for about 30% of all home sales in the U.S. Many of these homes have been neglected and are in need of repair. These market conditions have made renovation loans a hot item.
Renovation loans are very attractive for a number of reasons. The Federal Housing Administration (FHA) 203K renovation loan provides the money to both purchase the home and finance the home's renovation. The down payment required on a renovation loan can be as low as 3.5%. … (2 comments)

renovation loans: Making Good Use of Renovation Loans - 07/28/10 09:00 AM
Making Good Use of Renovation Loans
When showing your clients a home that needs repair, give them some information on our Federal Housing Administration (FHA) 203K renovation loans. These loans are perfect for a bargain hunter who has spotted a fixer-upper or a foreclosure in need of immediate repair, or a client who has found a home that would be ideal if only there were a third bedroom and a second bathroom.
Our renovation loans provide the money to both purchase the home and finance the homeís renovation. With one loan, there is only one application, one set of fees, one … (2 comments)

renovation loans: FHA Renovation Loan 203(k) - You Love the location But Hate the House - 03/04/09 11:06 AM
In this market you'll often find the location of your dreams, but the house leaves you feeling sick inside.  You wouldn't or couldn't see youself living in such a place... but the view... the view is amazing!
FHA offers the 203(k) Renovation loan to solve this problem.  Here is what is offered:
 
FHA 203(k) Rehabilitation Home Mortgage loans are used to Purchase or Refinance and rehabilitate an existing One to Four family residences (Residence must be 1 year old) that will be used for residential purposes. FHA approved Condos are eligible as well.
Unlike FHA's Renovation Loan, Conforming loans a … (5 comments)

 
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Julie Chroust, NMLS# 249458, Direct Lender & Mortgage Banker

Walnut Creek, CA

More about me…

Julie Chroust, Prospect Mortgage, Walnut Creek, CA

Address: 1910 Olympic Blvd,, Suite 120, Walnut Creek, CA, 94596

Office Phone: (925) 516-5809

Cell Phone: (925) 381-1481

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