How come more people don't use FHA 203k loans? - 02/14/12 03:31 PM
Knowledge & Experience Needed! How come more Realtors and customers don't use FHA 203k loans?  It’s a great question!
The answer really lies in the fact that most lenders (in house mortgage companies for the Realtors) don't do the FHA 203k loan, or just don't do it well. Secondly, Realtors have fear about the FHA 203k loan because of past experiences with using the loan with inexperienced teams of people around them trying to secure the financing. This is a great loan for today's market. The product really should be offered out to more people and recommended to pretty much all first-time homebuyers and really any other type … (4 comments)

What's the downside of FHA 203k mortgages? - 02/06/12 12:17 PM
So, I get questions all the time about this, and people always tell me, “Jeff, everything sounds great about FHA 203k mortgages, ...sounds like it’s the perfect loan for me...it does everything that I want it to do, BUT there can't be the perfect loan- there has to be something wrong!”  And you're right- maybe not so much wrong, but there is a downside to anything, which is what I tell any client, realtor or contractor during our initial conversation.
From A Customer's Standpoint: For customers, the interest rate is typically a little bit higher-- somewhere usually about a quarter to a half percent … (4 comments)

Weather Conditions - 02/05/12 09:48 AM
We get A LOT questions that come in all the time and we try to answer as many of them as we can in blog posts so future customers will be able to see these posts and potentially have their questions answered up front.
Weather Conditions One of our most recent questions was from a client in New Hampshire.  The customer had a project where he was looking to put on an addition, which would require footers to be dug into the ground and, in order to do so, you obviously need to get into the ground.  In New Hampshire during this time of year- you know, November, … (3 comments)

 
Jeff Onofrio, FHA 203k Lender (AnnieMac Home Mortgage ) Rainmaker_large

Jeff Onofrio

FHA 203k Lender

Mount Laurel Township, NJ

More about me…

AnnieMac Home Mortgage

Address: 700 East Gate Drive, 4th Floor, Mt. Laurel, NJ, 08054

Office Phone: (856) 505-6717

Cell Phone: (609) 217-9409

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My blog is here to provide information regarding FHA and FHA 203K loans for both purchase and refinance. Updates, tips and advice regarding these loans and the industry is what you will find on this blog!


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