THE MAKEOVER BLOG
Renovation stories, useful ideas, and perspectives to help you see what comes next.
Mortgage
This is one of the most common questions from beginners, and the honest answer is that it takes longer than a regular home purchase, but it can move faster than many people expect. From the day you make an offer to the d…
Read article : How Long Does the Whole Process Usually Take?General
Is a renovation loan only for buying a house? No. While most people use a 203k renovation loan to buy and fix up a house at the same time, you can also use it to renovate a home you already own. There are two main ways t…
Read article : Is a Renovation Loan Only for Buying a House?General
Can first time buyers use a renovation loan? Yes. In fact, a renovation loan is often one of the smartest options available for first time buyers. Many first time buyers get priced out of move in ready homes in good neig…
Read article : Can First-Time Buyers Use a Renovation Loan?General
How much down payment do you need for a 203k renovation loan? One of the biggest advantages of the FHA 203k is the low down payment. Most families only need 3.5 percent down. Here is how it works. If your credit score is…
Read article : How much down payment do you need for a 203k renovation loan?General
Can you use a renovation loan on any house? Not every property qualifies for a 203k renovation loan. There are clear rules about what works and what does not. Most single family homes qualify as long as you plan to live…
Read article : Can You Use a Renovation Loan on Any House?Mortgage
Limited 203k versus Standard 203k. Which one should you choose? There are two main types of FHA 203k loans and the right one depends on how much work your house needs. The Limited 203k is designed for smaller projects. I…
Read article : Limited 203k vs Standard 203k – Which One Should You Choose?Mortgage
What is the real difference between a 203k loan and a regular mortgage? A regular mortgage only finances the purchase price of a house that is already in good condition. Lenders want the home to meet minimum standards ri…
Read article : 203k vs Regular Mortgage – What’s the Real Difference? Side-by-side comparison so beginners understand why a normal mortgage won’t work for a fixer-upper.General
Who are renovation loans actually for? Renovation loans are perfect for people who want more house for their money and are willing to put in a little work to get it. They are especially great for first time buyers. Many…
Read article : Who are renovation loans actually for? Best for first-time buyers, growing families, and people who want more house without paying turnkey prices.General
A renovation loan is a special type of mortgage that lets you buy a house and fix it up using just one loan. Instead of buying a home that already needs work and then scrambling to pay for repairs out of pocket, you can…
Read article : What Is a Renovation Loan? Simple explanation of how these loans let you buy a house and renovate it with one loan.
