The Fannie Mae Homestyle® Renovation loan was designed for those who would like to purchase a home and fix it up or for homeowners who want to remodel their current home all in one loan. There are few restrictions and it’s also available for investment properties and second home purchases. A minimum of 5% down payment is required for a primary, single-family home. Second homes require 10% down and for the investor out there a minimum of 20% down.
The real estate market is constantly changing, leading to many challenges for buyers and sellers alike. Never has there been a greater opportunity to leverage innovative lending solutions to better serve your clients. As you know we think outside of the box. Yes we do lots of loans that fit in the box, but getting the deals done that don’t fit in the box can make all the difference in this market. During this class we will cover some more unique loan programs and ways to structure transactions to help get offers accepted in an unconventional world. This class is approved for 1 hour of continuing education thank you Devon Title for sponsoring the continuing education portion of this event!
Here is a list of some of the things we will cover during the event:Visit Jeremy's Blog