The maximum mortgage worksheet is typically used by internal mortgage professionals. It is used to determine the total renovation dollars and loan amounts. There are several factors that should be considered described in the video below. Factors include renovation hard costs bids, permitting, inspections, title updates, architectural designs, HUD Consultant fees, supplemental origination fees, contingency […]
Meet one of the country’s top-producing Mortgage Loan originators, John Adams and his team have created a special place in the mortgage business. His team excels at closing all types of purchase and refinance mortgage loans: FHA, Conventional, VA, USDA, Jumbo, Construction-to-Permanent, Condominiums and Renovation Loans. John was voted as one of “Jacksonville’s Top Mortgage Professionals” by Jacksonville Magazine in 2015. In 2014, imortgage and John Adams focused on the renovation lending platform, earning him top rankings for renovation loan production. He is also an accomplished public speaker who educates realtors throughout Florida, Georgia, Alabama, Virginia and Tennessee on Renovation Finance and how it can help them grow their business. He teaches the only 3 hour education on the subject approved by the Florida Real Estate Commission.
One of the additional benefits that John and his team bring to the table is being an authority on renovation loans: FHA 203k, Fannie Mae HomeStyle® renovation, and even VA renovation mortgages. John and his dedicated imortgage team have simplified and the home buying process, while a creating a great home-buying experience for both the buyers and sellers. He is a member of the Northeast Florida Association of Realtors (NEFAR), Graduate of the Leadership Academy, heads up board positions for the sales and marketing council for the Northeast Florida Builder’s Association. John is a Crystal R for RPAC REALTOR® Political Action Committee and serves as the 2015 Chair for NEFAR. As a born and raised Florida native family man, John has seen the effects of the housing market in the area. Allow John and His to show you a better way home.
Entries by jadams
There is a tremendous buzz around VA Renovation Loans today . They are similar to an FHA 203K repair loan but available for eligible VA beneficiaries (active duty or prior military). Many people don’t know these loans exist. Some naysayers even refute the program’s existence. According to the VA Handbook 26-7, The Alterations for Improvement […]
I’ve recently been asked if you can do a 203k, or VA renovation loan on a manufactured home. The simple answer is yes! There are a few restrictions to keep in mind but it is possible to finance and include some repairs in with a purchase or refinance of one of these structures that requires […]
A case study in renovation lending on a Jacksonville Florida home located at 13723 Alesbury Ct Jacksonville FL 32224 reveals people are not just fixing a home to minimal standards but modernizing a home and extending new life into established neighborhoods and creating an exciting alternative to buying a track built home. Here they have upgraded […]
Wouldn’t you like to provide your veteran customers financing on virtually any home? Could you help more veterans if you could buy the property in the condition it was in and have repairs included in the financing and done after closing? Now you can do all of this with new programs offered for VA Renovation. […]
The above picture is of the classic movie home from “Nightmare on Elm Street”. Someone actually bought and renovated it – read about nightmare on elm street renovation. We tend to help a lot of customers that have already met a “scary lender” who didn’t know the in and outs of renovation lending or simply didn’t have the […]
John Adams and Tu Mullins discuss the changes and impacts TRID is having on renovation lending the renovation lending form and how it affects you. Don’t TRID on me. Hi I’m John Adams – and I’m Tu Mullins. Today’s renovation minute is about TRID. This is part of the truth in lending disclosure changes for […]
Is your income a liability? John Adams and Tu Mullins discuss the importance of income and the documentation process of these items up front to help you navigate through FHA 203k, Homestyle and Va renvoation loans. These important first steps let you know how much home you can afford and make sure your documents are […]
Seasoning and sourcing deposits are among the most common hangups when clearing underwriting conditions on documentation for assets, gift funds. What is sourcing and seasoning funds for closing? John Adams ( NMLS 442266 ) and Tu Mullins ( NMLS 657663 ) go over the most common questions that can help your borrowers navigate their assets to […]
Does Property Type Matter? John Adams NMLS 442266 and Tu Mullins NMLS 657663 discuss different property types and the financing available to repair almost any home regardless of condition with FHA Conventional and now even VA renovation lending products. Call us for information on renovation loan options. It’s financing with all the fixings. Here is a link to the handy checklist referenced in the video
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