FHA 203k & Renovation Loans - Crisis to Commission | Episode 6 - Key Factors Podcast

Send us Fan MailHost :Mark Jones Founder of ReviewMyMortgage.com Branch Manager Directions Home Loan La CanteraTop Producing Loan Officer NMLS# 513437 Get in Touch with Mark.https://lacanteraloans.com/loan-officer/the-mark-jones-team/Guest : Noe Gonzalez Loan Officer NMLS# 338155Loan DepotGet in Touch with Noe. https://www.loandepot.com/loan-officers/noegonzalezAs a Loan Officer you will learn how to turn a crisis into commission to overall help your customer accomplish their goal of home ownership, by utilizing the FHA 203k Renovation loan for a primary residence. What is a Renovation Loan?A Renovation Loan is a convenient option for those interested in buying a “fixer-upper” or any home you plan to renovate upon purchasing. Rather than requiring homebuyers to have saved enough to complete expensive renovations or take out a second mortgage to do so, the Renovation Loan combines the financing for not only the mortgage for the purchase or refinancing of the home, but the funds needed for repairs and renovations as well, into one convenient loan. FHA 203(k) and Fannie Mae HomeStyle® Renovation Loans are available, saving the homebuyer valuable time and money as only one closing is needed.What are the benefits of a Renovation Loan?Renovation Loan benefits and features:Buyers can purchase foreclosures, short sales or older homes with the funds to renovate prior to move inOne close for all required funds saves buyers time and moneyDepending on loan type, renovations may include structural alterations or additions, electrical and plumbing, roofing and gutters, interior and exterior updates, paint, carpeting, landscaping, pools, and more.Who may benefit from a Renovation Loan?A Renovation Loan may the right fit for you if:You’re a first-time or repeat homebuyerYou plan to buy a home that requires renovationsYou’d like to refinance to renovate your existing homeSource : https://reviewmymortgage.com/loan-program/renovation-loans/?wpv_view_count=84&wpv-wpcf-available-in=Texas+-+South&wpv_filter_submit=UpdateSupport the showRealEstateAF is Powered by LoanBot.com Host: Mark Jones | Sr. Loan Officer | NMLS# 513437 If you would like to work with Mark on your next home purchase or as a partner visit iThink Mortgage.