Posts By Leesa Sandoval
Location
Dallas, Texas
Phone: 972-725-9110
Posts
The temperatures are heating up and so is the renovation lending market in Texas. The 203k loan is just one of the great loan programs out there that people can’t stop talking about. It seems that only six months ago people hardly knew what this was and now we can’t seem to write them fast enough. These loans give the ability to purchase and include the costs of the remodel. Move in ready homes are going fast so now is the time to partner the purchase contract with a renovation loan which will allow a buyer to purchase “as is,” renovate the home to their specific taste and voila everyone is happy.
Texas summers can be brutal. Cooling off in your new or newly repaired pool is a great way to beat the heat. So how can this be accomplished you wonder…Let the Fannie Mae HomeStyle Renovation loan come to the rescue. This loan not only accommodates pools but also allows for luxury upgrades such as outdoor kitchens or extensive landscaping.
The amount of homes for sale in Texas can be overwhelming. If you are looking for an newer home one option that might come to mind is to build but why not consider buying an existing home “as is” and renovate it to your specific taste? There is a lot to be said to finding a home with a great “bone structure” and then renovating it into your dream home!
If you are listing a home in Texas that isn’t quite move-in ready there is no reason to lose hope. In fact, you might be at a unique advantage simple because now you have the ability to offer a potential buyer a chance to customize/upgrade the house to their liking and finance all of the construction. How you ask? The answer is the FHA 203k renovation loan!
It’s hard to find a home in Texas not in need of foundation repair. Maybe you are shopping for a new home and it’s the perfect home but the foundation is questionable. Or maybe you currently own a home with foundation issues. Don’t let this problem come between you and your perfect home. The solution [...]
When a buyer hires the right agent that knows the area well, they can make well-informed decisions that may leave them sitting in a nice equity position. In this instance, the buyer had an equity position of about $95,000. This equity provides a hedge against a downward housing market. Not all 203k projects end with [...]
Many people ask, what is a 203k loan? The 203k loan program allows the borrower to borrow extra money to renovate or repair their future residence and have a lower down payment (3.5%). Also, the loan amount can go up to 110% of the home’s value after repairs/renovations. These are photos of rehab and renovation [...]
It is important to assess all options when looking for a rehab loan. You have multiple options. This can be for purchasing a new home, or doing a refinance of your current residence. Your two options are very different. The key is to find the loan that meets your needs. It’s my goal to make [...]
I’ve been asked a lot lately how the FHA 203k rehab loan can help buy and sell homes in Texas. As an alternative to simply taking about it I thought it might be advantageous to put together a video of a recent project. In this visual world sometimes it’s easier to actually see how this loan can take a home from inhabitable to move-in ready.
Did you know that the key to getting the money for those household repairs and upgrades in Texas could be as easy as a refinance?? There are options for those of you with FHA and Conventional loans. FHA 203k is perfect and fairly easy to obtain. Of course you can always refinance out of or into a conventional loan such as the Fannie Mae HomeStyle loan for larger items such as pool repair or a major landscaping project.
About Mortgage Daily TV
NOT The Government
*This is not an offer to lend. We are not the FHA, VA, USDA, HUD or any other government organization.
