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Veterans can buy distressed real estate using their VA benefit. An exclusive product at imortgage for veterans today is available for VA renovation lending. Veterans can buy a home in almost any condition and deal with repairs after closing with this product. Many agents and customers alike have had the question: ”is there a 203k […]
How are the fees different on renovation loans compared to regular loans? We want to tell you about the different fees associated with renovation loans. Most people’s first concern is usually with rate more than how fees are different than a regular loan. Use a step-by-step approach try to find out which loan program is […]
VA renovation loans? They are here finally! Join John Adams Tu Mullins and John Meadows as they discuss the details of what Va renovation looks like from the only company that is doing it! Veterans can now use their benefit to purchase and get improvements inside of their mortgage for purchase or for refinance. Learn […]
John and Tu are in North Shore in Jacksonville Florida this week for the renovation minute. They are talking about opportunity for people to be able to find homes with some scratch and dent quality that allows you to win on equity and customization. Most ready to move in homes right now are going quick […]
Renovation loans are a hot topic! Most borrowers try to figure out how to do as little renovation work in the loan as possible to meet minimal appraisal standards and keep the loan amount down. Some want to save some work for after closing for themselves to do but several renovation loan customers have buyers […]
Thanks for joining us on the renovation minute. We are bringing you three ways to help keep transactions together with Freddie Mac. For self employed borrowers on Freddie they now only require one year of tax returns to income qualify instead of having to average two full years The schedule most folks use for itemized […]
By Presidential order the monthly premiums on FHA loans were reduced for case number after January 26th, 2015. This is great news as it lowers payments and can qualify more borrowers for home. For Renovation loans, especially 203k loans this means you can qualify for more repairs or pocket the savings. Please read the FHA […]
On this renovation minute we have three tips this week on how to make your renovation loan a success. 1. Get up close and personal with your contractor. Collect all documents as well as the bid and make sure they have the administrative competency to get you the documents the process demands quickly. 2. Consult […]
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 […]
Thanks for joining us again and providing valuable feedback!Conventional lending available to first time home buyers with only as little as3% down. FNMA has reduced the minimal amount for first time home buyers to acquirea home with conventional financing. We recapped some of the question we receivedback from views last week on this. This allows […]
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: https://www.fanniemae.com/content/announcement/sel1415.pdf […]
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 […]
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