Entries by jadams

What is a Renovation loan? FHA 203k, Homestyle, and VA Renovation

On this renovation minute we discuss what renovation lending does and what a renovation specialist is and why you would want a specialist to do this loan rather than a general mortgage practitioner. As a renovation specialist team, we have conducted hundreds of closings each year in renovation as well as teach a certified 3 hour […]

VA, FHA and Conventional changes for 2015

VA, FHA and Conventional changes in 2015 Thanks for joining us again and providing valuable feedback! Conventional lending available to first time home buyers with only as little as 3% down. FNMA has reduced the minimal amount for first time home buyers to acquire a home with conventional financing. We recapped some of the question […]

Self-employed mortgage? You need to know this …

1. Conventional lending available to first time home buyers with only as little as 3% down. FNMA has reduced the minimal amount for first time home buyers to acquire a home with conventional financing. This allows first time homebuyers to reach higher loan limits with less expensive mortgage insurance options.Read more directly from Fannie Mae: […]

HomeStyle Mortgage Thanksgiving Special

Welcome to the renovation minute from the John Adams Team. Happy Thanksgiving! Most people still don’t realize you can buy just about any home regardless of condition and fix all repairs after closing. You can do this with a purchase or refinance and renovation loan. These loan programs require as little as 5% to 100 […]

Renovation Lending Doesn’t Have to Be Scary

Transcribed from the video ….. Welcome to the Renovation Minute from the John Adams Team. Happy Halloween! You know the Homepath loans have been put into the grave, but don’t fear renovation like the night of the living dead. FHA 203k and FNMA Home-style are still here and been around since the late 70s. You […]

Get BACK TO WORK with HUD’s Back to Work program

Some consumers and real estate agents still don’t know about Back to Work. The basic data you need to know is that if you or your client has had a short sale, foreclosure, deed-in-lieu or other real estate loss event, there may still be help for them to get new financing in as little as 24 months. There are […]

How to get ALL the Improvements You Want With One Renovation Loan

Renovation Tips From foundation to fabulous you should get what you want In the new renovation era, most customers are doing more and more preferential work than required repairs.You should try to get all of the work you are thinking about getting done up front in one simple transaction. In your bid process write down […]