203k texas: Understanding How a Renovation Loan Works
- 12/09/13 06:35 AM
Understanding how a renovation loan works is key to for a successful closing! Every renovation loan (from FHA 203k to Fannie Mae HomePath or HomeStyle) can present a different scenario although the basic flow or process of the loan is similar for all renovation loans. Simply put these loans only have the added step of obtaining a bid from a general contractor and ordering the appraisal for the after improved value but let's look at it in a bit more detail. The basic structure of the product works like this: *Home goes under contract for the “as is” purchase price *Buyer … (1 comments)
203k texas: Homes for Sale in Plano, TX
- 11/25/13 02:02 AM
Homes for Sale in Plano, TX Plano is a city in the state of Texas, located mostly within Collin County. The city's population was 269,776 at the 2010 census, making it the ninth most populous city in the state of Texas (Corpus Christi is ranked at #8 and Laredo is ranked at #10) and the 70th most populous city in the United States. Plano is located within the metropolitan area commonly referred to as the Dallas–Fort Worth metroplex. The city is home to many corporate headquarters: Alliance Data, Cinemark Theatres, Dell Services, Dr Pepper Snapple Group, Ericsson, Frito-Lay, HP Enterprise Services, Huawei, … (0 comments)
203k texas: Did You Know? FHA 203k Answers
- 11/19/13 11:24 PM
With inventory low the FHA 203k loan is hotter than ever! Wanted to share with you some of the common misconceptions about the 203k loan. Take a look below and find questions and answers and hopefully this will help you with the purchase or sale of a property.
Can foundation work be rolled into an FHA 203k and a HomeStyle Renovation loan? YES! Got 2 calls about this just yesterday one from a Realtor and one from a buyer. The Realtor was very excited to hear this loan really does exist!! Her seller refused to pay for any foundation work as he … (2 comments)
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