HomeStyle® Renovation Mortgage - Santa Rosa

By
Home Inspector with 203kOnLine.com, covering the USA S0289

Renovation mortgages are simply new mortgage loans that include the renovation funds to make those needed repairs. It can be for a purchase or a refinance. The FannieMae 

HomeStyle® Renovation Mortgage is one of the most popular along with the FHA 203k loan

program for doing this. 

 

Why would you choose the FannieMae product over the FHA 203k?

Economics, simple economics. If you have good credit and 20% down payment you can get out of PMI (Private Mortgage Insurance). If your down payment is less than 20% you are still subject to some PMI but it goes away after eleven years while the 203k PMI now carries with you through the term of the loan or until you refinance out of it.

We consult for both products and quite often help the client go from one to another. Most of our lender partners have been doing a great job of putting the clients into the proper program and this hasn't been an issue.

These programs are actually available all of the USA and it's colonies. They are also called home improvement loans. Where can you get construction financing for about 4% 30-year fixed rate? Anywhere you can get a HomeStyle® Renovation Mortgage or an FHA 203k.

Posted by

Mike Young, 203k Team Leader    Mike ready for your 203k order

To learn more about the FHA 203k loan program go to www.203kOnLine.comWhat is your fee? 

Got a 203k project giving you "fits" contact www.203k911.comIf you are looking for quality 203k software for consultants to speed up the underwriting process..

Skype name: the203kconsultant

following Mike Young on Twitter Facebook You Tube 203konline.com MY 203k Team bug

 

 

close

This entry hasn't been re-blogged:

Re-Blogged By Re-Blogged At
Topic:
Home Improvement
Location:
California Sonoma County Alexander Valley
Groups:
Roseville Real Estate
San Francisco Real Estate
Sacramento Real Estate
Pleasanton, California
Tags:
renovation loans santa rosa
203k loans in santa rosa
homestyle renovation in santa rosa
loan for my fixer

Spam prevention

What's the reason you're reporting this blog entry?

Are you sure you want to report this blog entry as spam?

Rainmaker
614,736

Mike Young

FHA 203k Consultant 916-758-1809
Want to close your 203k loans faster?
*
*
*
*
Spam prevention

Additional Information