Category Archives: remodeling home loan

Houzz.com Gives Southern California Home Remodeling And Decor Ideas

Houzz.com gives inspiration for Southern California home remodeling ideas and homeowners throughout the U.S.  This website is chocked full of hundreds of remodeling photos for each room of the house. There’s a nice mobile app that goes with it, and even an area where you can get quotes for the work you want done.  But remember not […]

Which Home Improvements Give You The Most Bang For Your Buck?

Which Remodeling Projects Give You The Most Bang For Your Buck?  Whether you’re thinking of doing remodeling in Simi Valley or Thousand Oaks, or a rehab home loan in Los Angeles County, people want to know, how much will their project will increase the value of their home? Remodeling Magazine has written an article for […]

Home Improvements Needed? Think 203k Loan.

Pic Credit to Danilo Rizzuti MSNBC recently had an article on their site that said home improvements are on the rise.  The only problem is where are homeowners and homebuyers be able to find financing for these improvements.  The answer is the 203k loan. Most people think the 203k loan is just for fixxing foreclosures, […]

Guest Columnist: How A HUD Consultant’s Inspection Differs From A Standard Home Inspection

    How Does a HUD 203k Loan Inspection Differ from a Standard Home Inspection? When homeowners ask me if my inspection as a 203k loan consultant can take the place of a standard home inspection, I usually tell them that is does not.  There are several reasons it doesn’t, but the main one is […]

How To Qualify For A 203k Loan

Pic Credit to Digitalart   How to qualify for a 203k loan. A 203k loan isn’t any more difficult to qualify for a regular FHA loan or conventional loan.  You have to give the same income, asset and liability documentation and as long as you have at least a 3.5% down payment you can be […]

Realtors And The 203k Loan. Why Do They Dislike It?

The 203k loan is like taboo to some Realtors, they dislike it.  To the 20 year experienced Realtor the 203k loan may be looked at as a loan that is problematic and associated with fraud. Realtors who have been in business for 10 years or more may have never seen the need for the 203k […]

The Appraisal Came in Low-What Now? This Can Fix The Problem

You are buying a fixer home that needs updating and your home loan is preapproved, you have your proof of funds squared away and than bam….the home doesn’t appraise for the agreed upon purchase price.  So how do you fix a low appraisal problem? The seller is willing to renegotiate and meet you halfway on the difference […]

Buying A Home In As-Is Condition

Buying a home in as-is condition to many home buyers is scary thing.  Many people want homes in move in ready condition and make things simple.  But what if you get a good value on an as-is property?  Maybe there’s a broken window, or missing toilets or holes in the wall?  A lender will not normally […]

The Investor 203k. It May Be Coming Back In The Future.

If you are an investor and have been buying homes cash and using your own money to fix up homes and resell them, you know that if you have multiple projects going at one time, that this can be trying. What if you could use someone else’s money to do this? Would it reduce your […]

Need a remodeling home loan? Think 203k loan.

At a networking event a contractor told me that his business was way down this year because obtaining financing or an equity loan is so difficult these days.  He still gets big jobs like room additions but the smaller jobs that keep him afloat between the big jobs is almost non-existent. The contractor had never heard of the […]