One World Realty in Jacksonville Florida
Charles Gaulden
904-859-1778904-859-1778

Nocatee Certified Agent Buying in the Nocatee Neighborhoods

If Looking to Purchase a Home in the Beautiful Nocatee Communities in Ponte Vedra Florida like the Following Neighborhoods: Green Leaf Lakes, Cyress Trails, Addison Park, Siena at Town Center, Greenleaf Village, Lakeside at Town Center, The Villas at Nocatee, Coastal Oaks at Nocatee, Willowcove at Nocatee, Twenty Mile Village, Palms at Nocatee, The Pointe at Twenty Mile, The Island at Twenty Mile

Call Me or Email Me http://nocatee.com/communities/

I’m AV Home Certified Realtor

If you are Looking for a New Home Community Like Old Still in southeast Jacksonville is the newest community to be offered by AV Homes. Ideally situated in Duval County, Old Still is located just off the 295 Beltway and Butler Blvd and minutes from the metropolitan bustle and vigor of St. Johns Town Center, University of North Florida and fantastic eating and entertainment venues

 

COMING SOON to Fernandina Beach, FL – Amelia Walk, a master-planned new home community situated in the picturesque and historic coastal city of Fernandina Beach, just 30 minutes north of downtown Jacksonville and only 15 minutes from Amelia Island. Opening late May 2015.

 

New Homes in Ponte Vedra, FL – AV Homes is excited to be building in one of America’s top-selling communities, Nocatee! Ideally situated just minutes from the pristine beaches of Ponte Vedra and the renowned TPC Sawgrass Golf Club, only 15 miles from historic St. Augustine and a quick 20-mile commute into downtown Jacksonville, it’s no wonder Nocatee is one of the nation’s most sought-after coastal communities

New Home Community Lakeside At Merrill

 

If you are Looking for a New Home Community in Arlington Lakeside A Merrill in the Mid 100’s
http://www.drhorton.com/Florida/North-Florida/Jacksonville/Lakeside-At-Merrill.aspx

 

We're sorry, but we couldn't find MLS # 745046 in our database. This property may be a new listing or possibly taken off the market. Please check back again.

Call Me to Set up Appointment to See these Beautiful New Homes in the Mid 100’s

 

FHA 203k loans are there different qualifying standards than a typical FHA Loan

On FHA 203k loans are there different qualifying standards than a typical FHA Loan? No! credit qualifying is the same for any FHA loan with a Lenders. The only big qualifying difference is the Loan Amount as the buyer must qualify for a higher loan amount with a FHA 203k loan because of the additional repair/improvement monies. •What does it mean when a property is listed as HomePath Renovation eligible? Properties listed as HomePath or HomePath Renovation eligible are Fannie Mae foreclosures. Generally, we evaluate all of the renovation loans (and regular loans if the home is in good shape) and choose what is best for the buyer. Fannie Mae cannot make you use a particular product so please call if the agent is telling you that as sometimes it’s a matter of ensuring you are addressing the property concerns. To See if a property is HomePath or HomePath Renovation eligible visit www.HomePath.com. •What is the maximum amount of work that can be done with a HomePath Renovation loan? There is a $35,000 maximum for cost of renovation on a HomePath Renovation loan. However, both FHA 203(k) and Fannie Mae HomeStyles renovation loans do NOT have a hard Maximum Repair Amount. •Can you put in a pool with a FHA 203k or Conventional Renovation loan? Yes! With the standard conventional renovation loan you can purchase OR refinance and include the addition of a pool. You can also include fencing, pavers, summer kitchens, sidewalks etc. Pool repairs are also allowed with NO limits, as are dock and bulkhead repairs. NOTE – If your buyers are interested in new construction they can include the pool in their mortgage so the builder does not have to finance the project. CLICK HERE for more on POOLS!

FHA 203K & Fannie Mae Conventional Renovation Loan

Can you use a FHA 203k loan or a Fannie Mae conventional renovation loan on a multi-unit property? YES! You can renovate 1-4 unit properties with both FHA 203k and conventional renovation loans. The renovation loans also allow you to convert a SFR to a multi-unit and a multi-unit back to a SFR as long as county zoning allows for it. NOTE – When a buyer is purchasing a multi-unit property as a primary home, potential rental income from the additional units is allowed to help toward qualifying the buyer.

  • What is the maximum amount of work allowed on a Fannie Mae HomePath Renovation loan? The total max cost of renovation (including inspections, title updates, etc) is $35,000. However, Fannie Mae’s main renovation loan – Homestyles Loan – does NOT have a cap on the amount of repairs which is another reason we tend to see it more often. FHA 203k loans also do not cap the amount of repairs except for meeting county loan limits ($304,750) and of course appraisal/qualifying limits for the transaction.
  • Do you need a Clear WDO inspection to close on a FHA 203k or Conventional Renovation loan? NO! As long as the scope of repairs (estimates) from the contractor is addressing the WDO damage then we are fine to close it guarantees the work will be done after closing. NOTE – You can even close on a home with live termites as long as pest treatment is included on the scope of repairs to be done after closing.

We're sorry, but we couldn't find MLS # 710124 in our database. This property may be a new listing or possibly taken off the market. Please check back again.

FHA 203k Loans down to 580 Credit Score HomeBridge is now offering

Can you really do FHA 203k Loans down to 580 Credit Score? YES! HomeBridge is now offering FHA, VA and of course FHA 203k loans with credit scores down to 580.The buyers must meet certain criteria such as the following:

•Maximum loan-to-value is 90% •1-unit property only •Maximum ratios – 31% housing; 43% debt

•No Gifts allowed

•12 month housing history must be verified

•Can you put in a pool with a FHA 203k or Conventional Renovation loan? Yes! With the standard conventional renovation loan you can purchase OR refinance and include the addition of a pool. You can also include fencing, pavers, summer kitchens, sidewalks etc. Pool repairs are also allowed with NO limits, as are dock and bulkhead repairs. NOTE – If your buyers are interested in new construction they can include the pool in their mortgage so the builder does not have to finance the project. CLICK HERE for more on POOLS!

•What does it mean when a property is listed as HomePath Renovation eligible? Properties listed as HomePath or HomePath Renovation eligible are Fannie Mae foreclosures. In addition, the respective product listed on the property simply means you MAY use that product if it is the best choice for the buyer but it does not mean you MUST use that specific loan. Generally, we evaluate all of the renovation loans (and regular loans if the home is in good shape) and choose what is best for the buyer. Fannie Mae cannot make you use a particular product so please call if the agent is telling you that as sometimes its a matter of ensuring you are addressing the property concerns. To See if a property is HomePath or HomePath Renovation eligible visit www.HomePath.com. CLICK HERE

Florida Real Estate New

Can a FHA 203k or Fannie Mae Homestyles (conventional) renovation loan be used to Refinance and Renovate a property? Yes! A homeowner can refinance the current loan into a new loan AND include the cost of updates, repairs and improvements. The new loan appraisal would be a “Subject-to” appraisal like all renovation loans meaning the homeowner will get the new value BEFORE the work  is completed. In addition, if it’s a FHA 203k loan, the homeowner could get up to 110% of new appraised value – a 10% buffer!  

  • Are there renovation loans for investors or second homes? Yes! Both Fannie Mae HomePath Renovation and the standard Fannie Mae Homestyles renovation loans can be used to purchase and repair investment properties. FHA 203k is for Primary homes only.
  • HomePath Renovation – Can only be used on eligible Fannie Mae REO properties. Minimum required down payment is 15% for investors.
  • HomeStyles Renovation – Can be used on ANY property. Minimum down payment is 20%.
  • When is the appraisal ordered on a FHA 203k or HomePath Renovation loan? The appraisal is not ordered until the detailed scope of repairs (estimates) is complete and signed by both parties. The appraisal is then done “subject-to” the forthcoming repairs & improvements meaning the value is given ahead of time but the work is not started until after closing. There is NO “as-is” appraisal on renovation purchase loan.
  • Can a buyer get homeowners insurance on a property which needs repairs and/or has outdated roof, electrical and plumbing? YES! There are two different types of insurance that can be applied. Standard homeowners insurance where the policy is issued since they know the work is being completed after closing. In addition, we often see Builders Risk insurance which is for properties which are not occupied thus no contents are covered. Either way, we have a soution so please reach out if you have insurance challenges