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

FHA 203k or Fannie Mae conventional renovation loan

  • How much renovation can you do on a FHA 203k or Fannie Mae conventional renovation loan?  As far as the Scope of Work, you can literally take a home down to the foundation and build it back up from scratch. The only cap on the dollar amount of work has to do with appraised values, buyer qualifying and FHA county loan limits/Conventional loan limits.
  • Appraised Vale  – on FHA 203k you get up to 110% of the after-improved value. Conventional appraisals are standard with no buffer.
  • FHA loan limits – In Northeast FL the limit is $387,500 for SFR (after down payment).
  • Conventional loan limits – $417,000 (after down payment). Higher limits for 2-4 unit properties.
  • On Conventional Renovation loan what are some luxury items that are allowed? Swimming Pools, Summer Kitchens, Landscaping, work on Docks & Bulkheads, etc. Call for specific details or scenarios.
  • What are the benefits of HomePath mortgages? The biggest benefit has to do with condos since Fannie Mae HomePath condos do NOT require approval
    and there is NO appraisal.  For investors on HomePath the minimum down payment is just 10%, and for those buyers who want to perform all the repairs/improvements themselves, since there is no appraisal then can close and then start the work. NOTE – HomePath Renovation loans require appraisals and have different down payment requirements.
  • When writing a CONTRACT for an FHA 203k or Fannie Mae Conventional Renovation loan what additional information needs to be included? Generally, you will write the contract As-Is (not always for resales) for the sales price of the house. Just check “FHA” or “Conventional” like all transactions. Its best practice to note in “Other Terms & Conditions” that the “Buyer to use FHA 203k / Fannie Mae Homestyles Renovation loan to address property conditions”. There are times with a resale that you might write a clause involving value but not on REO or short sale properties.

For Sale 203K Renovation Projects in Jacksonville, Florida

We're sorry, but we couldn't find MLS # 657181 in our database. This property may be a new listing or possibly taken off the market. Please check back again.

 

Green Cove Spring, Fl- Homes For Sale – Florida Homes – Homes For Sale

We're sorry, but we couldn't find MLS # 685725 in our database. This property may be a new listing or possibly taken off the market. Please check back again.

 

This Beautiful Log Cabin Home For Sale in GREEN COVE SPR , FLORIDA  32043

 

Green Cove Spring, Fl Homes For Sale 203k Renovation Special

We're sorry, but we couldn't find MLS # 666438 in our database. This property may be a new listing or possibly taken off the market. Please check back again.

Green Cove Spring Homes For Sale 203k Renovation Special 

 

 

 

How To use the FHA 203k Streamline and Full Program Can be use Accessibilty Improvement For Persons with Disabilities in Jacksonville fl

How To use the FHA 203k Streamline and Full Program Can be use Accessibilty Improvement For Persons with Disabilites in there  AS Is Home Purchase weather it a Short Sale Home or Foreclosure Home. And You don’t Have to be a Veteran… Here are things the  FHA/HUD 203k Products Can do:

  • Interior Door Enlargements
  • Modify Kitchen Cabinets
  • Bathroom Modification
  • Flooring
  • Modify Outlets and Light Switches High.
  • Driveways, Sideways and Ramp Installations and Much More…..

Call Me Today So I Can HelpYou Find a Home Veterans an Non Veterans Disabilities…(904) 348-0452

www.RealtyHomeCenter.com

www.LivinginJacksonvilleFlorida.com

Complete Home Realty. Inc

Jacksonville Fl Homes For Sale, Homes For Sale In Jacksonville, Florida Home

We're sorry, but we couldn't find MLS # 623755 in our database. This property may be a new listing or possibly taken off the market. Please check back again.

FHA 203k Renovation on Short Sales Homes in Jacksonville Fl

This is a Great Buy on a Short Sale Home in Southside of  Jacksonville, Fl 3 Bedroom 2 Bathroom For $108,900.

This Home is a Great Candidate For FHA/HUD 203k Renovation Program.

Upgrade the Kitchen with New Cabinets and Counter Top. New Tile Floor in The Kitchen and, All New Appliances.

New Shingle Roof, Exterior Painting and Interior Wall Painting.

Call Me Today …. About This Home and, The FHA 203K Programs  904-348-0452

FHA 203k Renovation on Short Sales Homes in Jacksonville Fl

www.RealtyHomeCenter.com

www.LivinginJacksonvilleflorida.com

Complete Home Realty, Inc

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Getting To the Closing Table with Your Short Sale Purchase in Jacksonville Fl Homes For Sale

Getting To the Closing Table with Your Short Sale Purchase in Jacksonville Fl Homes For Sale

Ok… Once you get the Short Sale Approval which could take 60 to 120 Days If you are very very lucky..

That right Lucky… Keep your Fingers Cross and Pray The Home doesn’t have a Second Mortgage on it or it may take over 90 days. OMG..

Now, next you have to get your Appraisal Ordered… Your Lender will order it for you but, prepare yourself to pay for it with your credit card this is a Buyer expense.

Next, once the Appraisal comes back it goes to the underwriting Department for review. This process may take up to 2 weeks or more sometimes… Next your file goes to be Audit this may take a day or so then a Closing package is Order…

Now, in a Perfect World this is how it supposes to work but, don’t depend on it.. I have seen this process take 4 to 6 weeks to close after the Short Sale Approval has been Issue.

Oh, I forget to tell you that you may have to get 2 to 3 extensions requested by your Lender to the Listing Agent and, just the Pray the Seller Lender Grant your Lender the Extensions so, you can get to the Closing table with your loan.

So, listen Up All Buyers Don’t Move Out your Apartments Once the Short Sale Approval come in still May have 4 to 6 weeks before you get the Keys…

The Best advise.. Rent Month to Month until you close. We know it cost more money to Rent month to Month but, it less Stressful on everybody…

Just try to Understand that it Always get Crazy At the End.  GOOD LUCK..

Short Sale Purchase in Jacksonville Fl Homes For Sale

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www.LivinginJacksonville.com

VA Specially Adapted Housing For Handi-Cap Veterans is a Great Program – Jacksonville Real estate

VA Specially Adapted Housing For Handi-Cap Veterans is a Great Program – Jacksonville Real estate

Veterans or servicemembers who have specific service-connected disabilities may be entitled to a grant from the Department of Veterans Affairs (VA) for the purpose of constructing an adapted home or modifying an existing home to meet their adaptive needs. 

 The goal of the Specially Adapted Housing (SAH) Grant Program is to provide a barrier-free living environment that affords the veterans or servicemembers a level of independent living he or she may not normally enjoy.

 Here are a some of the Conditions that Qualify a Sericemembers for this Grant Program.

Loss, or loss of use of both lower extremities such as to preclude locomotion without the aid of braces, crutches, canes, or a wheelchair.
 

Blindness in both eyes having only light perception, plus loss or loss of use of one lower extremity.
 

 The loss, or loss of use, of one lower extremity together with residuals of organic disease or injury, or the loss or loss of use of one upper extremity. These injuries must, according to VA requirements, “Preclude locomotion without the aid of braces, crutches, canes, or a wheelchair.”
 

The loss, or loss of use, of both upper extremities, so as to preclude use of the arms at or above the elbows.
The permanent and total disability is due to a severe burn injury as determined by the VA.

 Here are the areas of the Home that this Program is use For:

Ramps & Walks, Doorway Widing, Bathroom Modifications, Roll-in Shower, Kitchen Modification just to mention few.

 The reason I know alot about this Program is because I”m A VA Specially Adapted Housing Inspector myself.

 So I can help you Find a Home if you are a Veteran also by me being a Realtor and a Inspector..

www.RealtyHomeCenter.com

  

Homes For Sale Jacksonville Fl – Jacksonville, Fl Real Estate on the Northside

Homes for Sale in Jacksonville on the Northside .. This is a Great Buy Beautiful Home, Great Community, Good Schools in the and, The Seller Will Pay Up To $5000.00 of The Buyers Closing Cost and Prepaids.

French Country 2-story home with a study, game room and media room features a gourmet kitchen with island, 42” upper, birch cabinets with crown molding and stainless steel appliances to include dishwasher, smooth-top glass range, microwave and refrigerator. Custom tile in the foyer, eat-in kitchen, dining room, bathrooms and laundry area. From the covered patio and the family room surrounded with windows, you will have a priceless view of the tranquil lake. Come see why Villages of Westport is the place to be!…

http://www.zillow.com/homedetails/12679-Weeping-Branch-Cir-Jacksonville-FL-32218/109751747_zpid/

Great  Homes For Sale in Jacksonville Florida on Jacksonville Northside, Westside and at the Beaches

Nearby Neighborhoods: Dunns Creek Crossing, Dunns Creek Pointe, Cedar Bay, Lexington Park, Yellow Bluff Landing, Heron’s Walk, Tidewater, Amelia View

Homes For Sale Jacksonville Fl – Jacksonville, Fl Real Estate on the Northside

Homes For Sale Jacksonville FL – Wells Fargo NeighborhoodLIFTSM program

Wells Fargo brings program to Jacksonville housing market

Homes For Sale in Jacksonville Fl… Home Buyers Gets in on the New Wells Fargo Home Mortgage NeighborhoodLIFT Program. It’s the New Downpayment Assistance Program in the Jacksonville Fl Area That Help  Home Buyers Come Up To $15,000.00 Toward there Downpayment Assistance to Help Home Purchase in Jacksonville, Florida.

Who can qualify?

The program is available if you are

approved for home financing and your

household income is equal to or less

than 120% of the area median income.

Whether this is your first home or you

are ready to buy again, there are a

number of homebuyer education

requirements that must be completed

prior to the home purchase.  Check out these Income Examples Below:

Area Median Income (AMI) AdjustedFor Family Size of 1- 100% (AMI) $47,100.00 – 115% (AMI) $54,150.00 – 120%(AMI) $56,500.00

Area Median Income (AMI) AdjustedFor Family Size of 2 – 100% (AMI) $53,850.00- 115% (AMI) $61,950.00- 120%(AMI) $56,500.00

This Program is Great for the 203k Renovation Programs for REO’s and Short Sale Properties  Purchases To… To Get more Information https://www.wellsfargo.com/mortgage/lift

Homes For Sale Jacksonville FL – Wells Fargo NeighborhoodLIFTSM program  

Some Nearby Neighborhoods that you can Use this Program in Jacksonville, Fl

Argyle Forest
Bellair-Meadowbrook Terrace
Jacksonville Heights South
McGirts Creek
Oak Hill
Settlers Landing

Herlong

Jacksonville Farms-Terrace
Marietta
Normandy Estate
Normandy Manor
Otis
Rolling Hills
Whiteho

 Dunns Creek Crossing, Dunns Creek Pointe, Cedar Bay, Lexington Park, Yellow Bluff Landing, Heron’s Walk, Tidewater, Amelia View