Want To Buy A Handyman Special??

On January 6, 2012, in Home Buying Process, Mortgage Programs, by Bill Sohan

    With a Maryland 203k Loan new homeowners can purchase that handyman special: 1.   Locate & put a contract on the property 2.   Determine the value w/ a home appraisal 3.   Have the 203K loan  underwritten using FHA guidelines. 4.   At closing the seller is paid off.  Depending on 203K type, you can either get [...]

10 Ways Renovation Loans Can Help YOU Benefit from the Foreclosure Market

On July 28, 2011, in Tips And Advice, by Jonathan Blackwell(203K Expert)

10 Ways Renovation Loans Create HUGE Value The rates are too high. They take too much time. My Realtor says that product sucks. No, No and No. FHA 203K along with it’s conventional renovation cousins; Fannie Mae HomePath and HomeStyle are leading a renaissance in today’s mortgage and real estate market. Buyers (and the smart [...]

Academy Mortgage Partnering with Lowe’s in Maryland

On June 24, 2011, in Mortgage Programs, by Bill Sohan

  Academy Mortgage and Lowe’s are coming together to create a partnership in Maryland.  This effort is called REbuild USA.  This  program  will help many of you across Maryland bring your homeownership dream to life as well.   We all know that Maryland was recently hit by a perfect storm of negative conditions that created economic challenges not [...]