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FHA 203k | Fannie Mae HomePath Renovation | Fannie Mae Homestyle renovation EXPERTS Our Renovation Specialists have access to more renovation loan solutions than you’ll find in any company. We serve Florida and Georgia with knowledgeable Renovation Specialists Specializing in these Government and Conventional renovation loans:a FHA 203k Streamline FHA203k Standard (Consultant) FNMA Fannie Mae HomePath® FNMA Fannie Mae HomePath Renovation® FNMA Fannie Mae Homestyle Renovation 73% of the homes available on the market today are distressed sales. Some of these property conditions could keep you from closing on a home with any typical loan. Some of these items include common problems like structural defects, foundation problems, electrical, plumbing, roof issues, leeks, mold, missing doors, hardware, fixtures, and flooring surfaces, holes in drywall, and repairs or replacement needed for HVAC. |
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In Reality you can do MUCH MORE with 203k loans. You can change existing floor surfaces, replace existing cabinetry, replace countertops, put up a fence, purchase appliances, add square footage, move a house to a new location and even raze a home to the foundation and rebuild You can do all of the construction items listed with FHA 203k but on conventional renovation loans you can do even more construction items that are considered luxury ticket items like pools and tennis courts. Conventional renovation loans will also allow you to complete a home from unfinished construction that may not have had a Certificate of Occupancy issued yet but is 75% or more through construction. Not all lenders are created equal. Most companies only offer a few or maybe even one renovation product. Here are five questions you should ask any lender if you are considering a renovation loan:
The process for all renovation loans is very simple so long as you work with someone that has the experience to get you through the process:
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