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Renovation Financing

Whether you’re buying a home or your current home needs a makeover, making improvements just got easier. Our renovation loan programs can help you get those much-needed repairs or those nice to have home improvements by financing the costs into your mortgage for one monthly payment.  These programs are also a great way to handle any appraiser required repairs.  We have renovation loan options for both conventional and FHA loan programs.

How does it work?

The basic process is fairly straight forward.  The first step is to identify a property and negotiate a acceptable contract.  Next you will need to get a bid from a licensed contractor for any work you want to do on the home. We then order an appraisal.  The appraisal is done as completed, meaning the appraiser gives us a value based on the completed project.  When the appraisal comes back we button up anything else that needs to happen underwriting wise and then close on the loan.   At closing the seller get’s their money and ownership of the property also changes hands.  The contractor can now go in and get going on the work.  Once all the work is done we reinspect the property, verify everything is done, and then pay the contractor out of the loan proceeds.  It’s really that simple.

To find out more about the benefits of our renovation programs, contact me today!

Program Details

 

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October Lunch and Learn: Unconventional Lending In An Unconventional Market

1 Hour Con Ed Credit Available!

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!

Hot Topics We Will Cover

Here is a list of some of the things we will cover during the event:

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