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 has tripled so far in 2021.  There are a number of reasons... Read More

Renovation Lending Event For Realtors: 10/13/2021

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/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, VA, and... Read More

Restoring History with an FHA 203k Renovation Mortgage

This is a story of a home owner who purchased a home with extensive fire damage.  They brought this 1870's historic home back to life using a FHA 203k Renovation mortgage to complete all the needed repairs and more.  A piece of Kalamazoo, Michigan's history has been restored!... Read More

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  Many Kalamazoo area home buyers have taken advantage of this program and used it to fix up outdated properties.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... Read More

Renovation Mortgage 101 For Realtors In Kalamazoo

Real estate agents and licensed Realtors® in the greater Kalamazoo area can earn continuing education credits while learning about a great financing option for home buyers. Today's housing market is full of fixer uppers, bank-owned (and vacant) homes and other problem-listings. The FHA 203k home improvement loan is one option for today's home buyer. Thursday, February 25th, 2016 real... Read More

Remodeling Impact Report

The National Association of Realtors recently published the 2015 Remodeling Impact Report  its definitely worth looking at.  The report ranks projects likely to increase value. Kitchen Renovation Bathroom Renovation New Master Suite New Wood Flooring Etc (see report) The report goes into a lot of detail including estimated costs and how much the value is increased. ... Read More

Need Your Help Building “The Bar”!

YTD Dollar Amount Of Repairs Completed:  $167,481.10 It seems that now days appraiser required repairs are almost the norm.  Looking back at the loans my team closed so far in 2014 over 40% had one repair or another required by the appraiser.  There is a misnomer out that that conventional financing is some how shielded... Read More

Amerifirst Powersaver

Free Money!  Yeah I said it, there's not even much of a catch.  Here's the deal.  Amerifirst Home Mortgage energy improvement promotion.  The basic idea is that buyers taking out a FHA 203k renovation loan who make at least $3,500 in eligible energy efficient improvements to the home will then receive a lender credit towards closing... Read More

Completed Repairs

2014 Dollar Amount Of Repairs Completed:  $179,425.10 It seems that now days appraiser required repairs are almost the norm.  Looking back at the loans my team closed in 2014 over 33% had one repair or another required by the appraiser that couldn't be completed prior to closing.  There is a misnomer out there that conventional... Read More

Need Money To Fix Those Frozen Pipes?

Buuuurrrrrrr! It's Cold outside! With all the cold weather + foreclosures = FROZEN PIPES! We have a program to finance all that work into the loan. Its called our 203k renovation loan. Not only can we finance in busted pipes, but all sorts of things from kitchen remodels, bathrooms, additions, finish basements, etc. . .... Read More

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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 has tripled so far in 2021.  There are a number of reasons for this, but essentially, home renovation loans offer a number of advantages for want-to-be home buyers.

Here are some of the reasons more and more buyers are utilizing these loan programs:

Renovation Loan Advantages
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