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Construction

FHA 203K

The FHA 203k renovation loan program provides funds for both the purchase and renovation of a home packaged into one mortgage loan. Once the purchase of the home is closed, renovation funds are held in escrow to pay for pre-determined renovation work done by approved renovation contractors. These loans are offered as 30 year fixed, 15 year fixed and 5/1 arms.

Fannie Mae Homestyle

In an effort to help home owners create the home of their dreams, Fannie Mae has introduced the HomeStyle Renovation loan.  The HomeStyle loan is Fannie’s version of a construction loan, with flexible down payment requirements and lending guidelines. HomeStyle can help you renovate your current or existing home. Like 203k loand the can be used for purchasing or refinancing a home as your primary residence, the HomeStyle loan allows for: single family homes, condos, co-ops, PUDs and up to a four-unit multi-family home. Second homes and investment properties are limited to the purchase or refinance of single units which include: single family homes, condo units, co-ops and PUDs – no multi-family homes are allowed.

RAF Investment Services is very knowledgeable and experienced in Construction Lending.

RAF Investment Services Inc
2643 Appian Way Suite F, Pinole, CA  94564
Direct:  (510) 223-9855
jason@rafinvestment.com
Copyright © 2017 RAF Invesment Services Inc
NMLS #339846
CA BRE # Officer 00875976
CA BRE # Broker 0133487
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