August Lunch and Learn / Webinar for Realtors: Renovation Loans
How Renovation Loans Can Be Your Secret Weapon In A Shifting Market We LOVE reno loans!!! Seriously most lenders run from houses in need of repairs. We embrace them. Over the last few years the number of renovation loans we have done has grown dramatically. Given the state of the market we have been... Read More
How To Buy A HUD Home With $100 Down
Buying a HUD Home: Step-By-Step Guide Purchasing a home is a dream for many, but the financial requirements often act as a significant barrier. However, the U.S. Department of Housing and Urban Development (HUD) offers a unique opportunity for buyers with limited funds through its "$100 down payment program." In this blog article, we will... Read More
Buying A HUD Home That Popped Positive For Lead Based Paint
Buying a HUD Home with Lead-Based Paint with an FHA Loan: What You Need to Know If you're in the market for a home and considering a HUD-owned property, there are a few things you should know before making an offer. One of those things is the possibility of lead-based paint in the home. Lead-based... Read More
August 2022 Lunch & Learn / Webinar: Renovation Financing
Got Repairs? Renovation Financing for FHA, RD, VA, & Conventional We LOVE reno loans!!! Seriously most lenders run from houses in need of repairs. We embrace them. Over the last few years the number of renovation loans we have done has grown dramatically. Given the state of the market we have been using these... 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
Buying and Financing HUD Homes
Simply Put We LOVE Financing HUD Homes! HUD homes are foreclosed homes. They are homes that the previous owner took out a FHA loan and were subsequently foreclosed on. HUD/FHA then takes those homes and resells them. Not only are HUD homes listed for sale on the local MLS but they are also listed for... 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
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
Latest Blog Post
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?”
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