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Archive for Homestyle

Renovation Loans and Septic Systems

Over the last 18 months or so, we’ve seen quite a few projects that include repair or replacement of septic systems. That’s another type of job where the 203k is helpful. Much of our housing stock is aging. The degree of aging depends on where you are. In Florida, the average house may only by […]

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Should You Remodel or Rebuild Your House?

If your house needs work, you might need to make a decision between remodeling and rebuilding. (Fortunately, financing options are available for each.) Here’s an article from The Spruce that should help you make that decision. https://www.thespruce.com/remodel-or-tear-down-rebuild-your-house-1822447  

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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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