I'm sure many of us are familiar with the FHA 203k renovation loan, a fantastic mortgage product for purchases and refinances but from what I'm hearing not many real estate professionals are aware of Fannie Mae's renovation loan product called the Fannie Mae HomeStyle loan. In this market there is a growing amount of people who are thinking about buying that "fixer upper", but they don't want it to be their primary home. Instead, they want to buy a "fixer upper" for a second home or investment … (4 comments)
I decided to start writing this blog to be an education resource to my referral partners and my clients. We live in a new world of mortgage lending in which we need to be up to date on the changing underwriting guidlines and mortgage products offered. It's through these updates that we will all be able to provide our clients with the customer service they derserve and expect. It's my belief that this industry insight is what will take our business to the next level.
Education = Confidence
An alternative to the FHA 203k renovation loan for 2nd homes and investment properties
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