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 Many Kalamazoo area home buyers have taken advantage of this program and used it to fix up outdated properties.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
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
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
Latest Blog Post
VA Renovation Loans: A Veteran's Dream
Are you a veteran looking to purchase a home that needs a little TLC? The VA Renovation Loan program is designed to help you finance both the purchase and renovation costs in a single loan.
Why Choose a VA Renovation Loan?
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