Remodelers: What percentage of your clients have remodeled using renovation loans, such as the FHA 203k or a conventional renovation loan?


  • David Hail - 15 years ago

    This is one of my favorite government loan products that few understand...and all we do are government loans. The power of the FHA 203K loan lies in the fact that all necessary repairs and rehabilitation can be done after closing. The contractor can get up front draws as well. It’s perfect on a purchase transaction where the seller will not do necessary pre-closing repairs, such as in most cases involving foreclosed REO properties. Works perfect on refinances as well. This loan can take an ugly home and turn it into a jewel. David Hail, Allied Home Mortgage Capital Corp. TEXAS 972-772-5140

  • DAWN CAMERON - 15 years ago

    I am the 1st VP for NARI LI/Metro chapter and a renovation specialist for Wells Fargo Home Mortgage. I've been in the mortgage business for 20+ years and a member of NARI for 9. I would be happy to shed some light if you feel I could be useful.

    I can be reached at 631 382 2248. Have a great weekend!!!

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