Breathing New Life into Homes: A Conversation with Jeremy Drobeck and Contractor Ramon Huerta
In our latest video, we sat down with Jeremy Drobeck, a Loan Officer at Treadstone Mortgage, and Ramon Huerta, a local contractor, to discuss the exciting possibilities of renovation financing. We explored how these loans can help homeowners breathe new life into older homes and how the process works. The Power of Renovation Loans Renovation... Read More
Changes to FHA 203K Renovation Loans
Exciting Changes to FHA 203(k) Renovation Loans: Effective November 4, 2024! Get Ready to Unlock More Potential We're thrilled to announce some significant updates to the FHA 203(k) renovation loan program that will take effect on November 4, 2024. These changes are designed to make homeownership more accessible and empower you to transform your dream... Read More
Completely Legal House Hack
House Hacking Made Easy: Leveraging FHA Financing and 203(k) Loans House hacking is a real estate investment strategy that has gained significant popularity in recent years, and for a good reason. It offers individuals the opportunity to own a property, live in one part of it, and rent out the remaining units to cover mortgage... Read More
Renovation Lending Event For Realtors: 2/17/2022
Having Trouble Getting FHA, RD, and VA Offers Accepted? Your Clients Have Options! Do you have Sellers not willing or unable to do repairs? Are your Buyers frustrated with Cash and Conventional only listings? Unsure about accepting renovation financing offers in this sensitive market? Did you know there are Renovation Loans available with FHA, USDA/RD,... Read More
Home Renovation Loan Process
Since COVID hit, the housing market has been crazy! With housing in high demand, the competition is getting tough out there. Buyers are looking for alternative ways to buy a home and many have turned to renovation financing. In fact, our renovation volume tripled in 2021. There are a number of reasons for this, but... Read More
Latest Blog Post
The Family Opportunity Mortgage
Unlocking Homeownership: Supporting Loved Ones with the Family Opportunity Mortgage Program
For many, the dream of homeownership remains a significant milestone. But what if you could help a close family member achieve that dream, even if they face financial hurdles? The Family Opportunity Mortgage Program, often referred to as the Family Assist Program, is a specialized mortgage solution designed to do just that – empower families to support loved ones in purchasing a home.
What is the Family Opportunity Mortgage Program?
This unique program was created to address a common challenge: families who want to assist elderly parents, adult children with disabilities, or other qualifying relatives in buying a home, but where the assisting family member might not be able to occupy the home themselves, or where the assisted family member faces challenges meeting traditional mortgage qualifications alone. It essentially allows family members to secure financing for a loved one’s primary residence, often with more favorable terms than a standard investment property loan.
Visit Jeremy's Blog