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fha 203k mortgage: FHA 203K Mortgages and First Time Home Buyers - 03/22/12 01:02 PM
It’s important for the first time home buyer to know what the expenses are when they are buying a home.  Many first time buyers get stuck on what the down payment and closing costs are, but they don’t look beyond that.  They need to consider what they may need in addition to those items.  The down payment and closing costs are part of the picture, but not the complete picture.  Other items to consider:
does the house need painting? do I need new carpeting? how’s the landscaping? These things are typically thought of once the first time home buyers get into … (0 comments)

fha 203k mortgage: 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)

fha 203k mortgage: FHA 203k Mortgage Issues- Obtaining Permits - 07/30/11 11:35 AM
I started reaching out to some FHA 203k consultants that I know and also to a few other FHA 203k lenders and I asked them all to please tell me what gives them the biggest headaches and what could I tell customers upfront that would help speed along FHA 203k mortgage transactions. Drum roll please………
PERMITS, PERMITS and MORE PERMITS Depending where you live getting permits can take up to 3 months to secure. This is extremely important factor that many lenders, contractors and clients all forget.
How important is securing the permits quickly? Extremely. The FHA 203k renovation mortgage requires … (0 comments)

fha 203k mortgage: FHA 203k Mortgage-The Quarterback (QB)- Part 1 - 05/22/11 10:38 AM
Peyton Manning? Are you serious? Yep- I am. I am personally a Philadelphia Eagles fan but for the purposes of this blog and what I am going to be showing you during my next few blogs I need you to understand my point.
Peyton Manning is the true general on the football field. There are others in the league who might be better but no one at his peak can command an offense of 11 players. If your a Pats fan or Saints fan lets leave that aside and let me explain how this fits in with FHA mortgages and more … (4 comments)

fha 203k mortgage: FHA 203k Certificate of Occupancy Questions - 02/23/11 10:57 AM
I received an email from a customer who found me from one of my many posts on FHA 203k rehabilitation loans in NJ and I thought this was important to explain to all who might be interested in this product.  There are a ton of half finished properties out there that builders started and didn’t finish for one reason or another- borrower backed out, builder ran out of money, etc, etc....The question I had received was about whether or not we could do a FHA 203k rehab loan on a house that was half finished and did not currently have a … (0 comments)

 
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Jeff Onofrio

Mount Laurel Township, NJ

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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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