Who can actually close a renovation loan fast in Los Angeles County?
There are lots of lenders who profess to be able to close a renovation loan quickly and then there are those who actually do close them quickly. But remember it isn't all on their shoulders, your client or the client must take an active role in getting their financial data to the lender promptly. The clock starts ticking once that info reaches the lender.
It isn't all about the FHA 203k it is about "renovation lending" and includes the Fannie Mae HomeStyle® Renovation loan.
It is all about the team you put together when it comes to closing loans fast or faster than the competition. What is the average number of days that you close a renovation loan would be a fair question for your loan officer. The team that consists of the Jimmy Gray Team and the Mike Young Team is proving to be a winning combination for the client. Joining our teams gives you the benefit and power of our years of knowledge in this business.
In Los Angeles County and surrounding areas right now I have to put my vote in the box for the Jimmy Gray Team as Jimmy's team is way ahead of the competion in this area with renovation loans, both the FHA 203k loan guarantee program and the FannieMae HomeStyle® Renovation loan program.
Why would you want to understand the Fannie Mae HomeStyle® Renovation loan? Investors can finance or refinance their investment properties and get the money to make repairs. Yes, investor renovation loans, just when you thought there wasn't any way to finance an investor property. How about a landlord who just had a tenant move out and left the place a shambles... use this program and the Jimmy Gray Team to put it back in shape for your next tenant.
I've been doing business with Jimmy only a short time but I've found him and his team to be extraordinary in their approach and the relationship they built with their clients.
As Jimmy says about renovation lending "it isn't all black and white... it is in the Grays"
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