FHA 203k Renovation mortgages and Fannie Mae Homestyle are our primary focus. Whether it is for purchasing a home that needs rehab work in NJ, PA, MA, CT, VA, MD or DE or a current homeowner who is looking to renovate their primary residence in NJ, PA, MA, CT, VA, MD or FL or any of the other states we are licensed in we are a FHA 203k and Homestyle lender, here to help you. AnnieMac Renovation Lending is helping to rebuild communities and creating opportunities using the FHA 203k Rehab mortgage and the Fannie Mae Homestyle mortgage. Right now there are millions of homes sitting on the market that with a little TLC would be everyone’s dream home – it’s just a matter of learning how to make those dreams a possibility.
At AnnieMac Renovation Lending we not only originate FHA 203k and Homestyle mortgages – we educate consumers, Realtors and contractors on how to use the FHA 203k and Homestyle mortgage correctly. We take the time to truly give everyone the knowledge of how to take a fixer upper and turn it into the American Dream. Our experience and dedication to giving the best possible customer service is what truly separates us from the rest. Some companies talk about their experiences – we show you ours.
Here’s an at-home project that can save you trips to the grocery store — a year-round indoor salad garden, courtesy of “Mother Earth News.”
For any home DIY project, it’s good to have a workbench. So from the folks at “Make,” here’s a DIY workbench.
HomeStyle® renovation financing is popular because it gives you different options than the FHA 203k.
For example, you may be willing to put down 20% to avoid mortgage insurance, but still want renovations on the home you’re purchasing. HomeStyle® make sense in that case, if you have the credit score and the debt-to-income (DTI) ratio to make it happen.
HomeStyle®, unlike 203k, allows you to forego the mortgage insurance, which is a big factor for some borrowers.
Your individual situation determines whether the HomeStyle® or the FHA 203k is the right program for you.
Unlike the 203k, the HomeStyle® loan:
Long story short, HomeStyle® is a great option in certain situations. If it sounds like it might be right for you, contact one of our specialists. They will take you through it all — explain the programs, go over your situation in detail, and determine what option would be best for you
If you have a painting project in your future, learn from one woman’s experience, courtesy of Vintage Revival.
With this January checklist of maintenance tasks from Today’s Homeowner, you can look forward to a minimum of household hassles in 2018.