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Archive for 203k Renovation Loan

Battling between the 203K and HomeStyle rehab loans?

From: Mortgage Professional America Modern mortgage programs make it easier than ever for borrowers to purchase and finance a home renovation with one single loan. Both Fannie Mae’s HomeStyle mortgage and the FHA’s 203K mortgage serve as “one-time-close” mortgages with distinct similarities and differences that can make choosing between the two difficult to decide. “Fannie […]

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FHA 203k Renovation Mortgages – The Pros and Cons

Everybody who’s looking to buy a home should at least consider a FHA 203k renovation mortgage. But I’m not going to lie — it isn’t for everyone. As with just about anything else, there are advantages and disadvantages. For borrowers with certain needs, it’s a godsend. But you need to weigh the pros and cons […]

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Costs Associated with a 203K

I write a lot about the many advantages of the FHA 203k program. How it helps borrowers create instant equity, and ultimately save money. How it also helps communities by sprucing up and getting occupants for aging housing stock, thus revitalizing the housing market. But some people have a negative attitude toward this type of […]

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More First Time Homebuyers Open to Renovation Loans

From: Mortgage Professional America Balancing all the factors associated with home buying, such as location, features, school district and more can be tricky. But according to Perry Farella, loan officer with AmeriFirst Home Mortgage, first time homebuyers are now “working backwards” by seeking properties not for their aesthetics, but rather ones that are within the […]

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8 Essential Steps to the FHA 203k Loan

For those new to renovation loans and to the FHA 203k loan specifically, it can be a little overwhelming at first. Here I have compiled the 8 essential steps to the FHA 203k loan process for your reference. You will find more detailed descriptions of each step in future posts, but for now let’s start […]

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Reading, MA couple gets major home renovation

This is a reprint from The Reading Advocate in Reading, Massachusetts about a client of AnnieMac’s and the FHA 203k renovation mortgage they got. We love to see articles like this as they help to show you what is possible by using the FHA 203k renovation mortgage! Enjoy! Reading, MA couple gets major home renovation […]

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