203k Renovation Mortgage
The FHA 203k home improvement loan is one option for today’s home buyer. It allows all sorts or repairs and upgrades to be financed into the mortgage. Best of all it keeps the down payment low. Many Kalamazoo area home buyers have taken advantage of this program and used it to fix up outdated properties. We also have a special incentive for buyers looking to do energy star improvements to the home Check it out!
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Jumbo vs Conventional Loan
JUMBO LOAN VS. CONVENTIONAL: WHAT KALAMAZOO MOVE-UP BUYERS MUST KNOW
Are you shopping for a luxury executive home or a custom build in Texas Township, Portage, or Richland?
Yesterday, a move-up buyer walked into my office after touring a gorgeous five-bedroom home near Texas Corners. The listing sat well above their previous starter home price point, and they were trying to calculate their down payment strategy.
They asked me, “Jeremy, at what price point does our mortgage switch from a standard Conventional loan into a Jumbo loan? Do Jumbo loans require massive 20% cash down payments?”