I love watching these older homes in need of TLC getting just what they need. Renewed and updated, from "just paint" to full house remodels and updating, to foundation repairs. Anything is possible with these programs. What other profession can you see, first hand, homes that are falling apart get new flooring, fresh paint, roofing, windows, and all kinds of other repairs and see it transform right before your eyes? It is my opinion that most ever sale should be a renovation loan and they now go all the way up … (0 comments)
203k consultant castro valley: FHA 203k vs FNMA HomeStyle® Renovation Mortgage
- 03/13/17 09:59 AM
FHA 203k vs FNMA HomeStyle® Renovation Mortgage The dilima of FHA 203k vs FNMA HomeStyle® Renovation Mortgage is not difficult depending on your needs. Look at your needs... Low down payment under 5% - FHA 203k Higher down payment 10-20% - HomeStyle® Renovation Mortgage Building a new swimming pool - HomeStyle® Renovation Mortgage Mixed use - FHA 203k Creating live work from a warehouse - FHA 203k Contruction was started years ago and never completed - HomeStyle® Renovation Mortgage* Home was never lived in but needs to be finished - HomeStyle® Renovation Mortgage* Have specific work you want to do and that ONLY - HomeStyle® Renovation Mortgage Want the home or units up to four habitable and to meet … (1 comments)
203k consultant castro valley: Not every home is a 203k even in Castro Valley
- 03/02/11 12:50 PM
Since 1994 as we drive from here to there my wife has always pointed out "there is another 203k". Some things never change so I started pointing out some to her the other day as we passed a foundation that has been there for at least 16 years and no house has gone back up on it. Why not? It is perfect for a 203 loan. There isn't a week that goes buy when someone asks if a home can be partially finished and qualify for the FHA 203k loan. We had one the other day that was a brand new … (2 comments)
203k consultant castro valley: FHA 203k Live/Work from Los Angeles to San Diego
- 03/15/09 06:21 AM
FHA 203k Live/Work from Los Angeles to San DiegoA program for turning a warehouse into live/work residential units with only 3.5% down payment. FHA loan limits have been increased dramatically and that includes the FHA 203k. Most real estate professionals are missing the boat with mixed use buildings, warehouses in residential neighborhoods, and larger income units from 5-8 units... all of these are 203k potential. Warehouse - turn it into "Live/Work" units up to 4. Yes the owner must live in one unit but many people would live in a "Live/Work" unit know lots of other people who might like that too and become … (3 comments)
I love being a 203k consultant and watching these come to an end
;)
;)
;)
