March 12, 2018

1. Let's start with the obvious. 5% down buys you the home and the money to fix up the home. That means you get the money to upgrade a kitchen, a bathroom, change the flooring, etc., built right into the loan. 

We promised you 5 reasons but do you really need...

March 11, 2018

Whats it going to cost me?

Let's say you find a home for $500,000, but you know it's going to need some fixing up. 

Your first step is to get a contractor out to the house to work up a bid for you.  The contractor tells you that you'll need $100,000 worth of funds to  re...

March 10, 2018

I recently heard real estate economist, Alan Nevin, say that, particularly in coastal communities, we have a lot of A and B borrowers, faced with C and D housing options. 

What he meant was, there are a lot of young professional with good jobs, and dual incomes loo...

March 8, 2018

A common question that we are receiving is - How do the terms and costs of these loans differ from that of a normal FHA or conventional loan? 

Obviously, it's important to acknowledge that everyone's terms will vary depending on qualification. Things like credit score,...

March 4, 2018

Don't let your realtor/lender talk you out of moving forward with a renovation loan! (I might say it a few more times!)

There are so many "myths" surrounding renovation loans that just aren't true.  We wanted to give you some typical responses that you might hear when y...

February 27, 2018

If you’re looking to utilize a Fannie Mae HomeStyle Loan to refinance and remodel your home, you may be wondering what your maximum loan amount might be.

It’s important to remind you first, that an evaluation of your Debt-to-Income Ratio must indicate that you have the...

February 24, 2018

A 2017 National Association of Realtors study found that the largest segment of the home buyers are 36 years of age and under.  They actually make up 34% of all home buyers, and 60% of this segment are first time home buyers.

In places like San Diego, CA this creates an...

February 8, 2018

When considering a Fannie Mae Homestyle Renovation loan, it’s important to remember that the total loan amount (initial loan + renovation costs) cannot exceed the county limit. 

In San Diego County in 2018, that county limit is $649,750.  So for example, if you were buy...

February 2, 2018

Yes, you absolutely can use a Fannie Mae HomeStyle loan for an investment property. 

You will still need to meet the borrower requirements for a Fannie Mae investment property.  Meaning, you will need to have the minimum down, qualify for the loan, and meet the reserve...

January 24, 2018

Homeowners can get into the act with “Do It Yourself” repairs through Fannie Mae Homestyle Renovation loans. 

However, there are strict limitations and restrictions. 

“Do It Yourself” projects can only be performed on single unit properties.  They cannot be performed on...

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OneTrust Home Loans is trade name of the legal entity, CalCon Mutual Mortgage LLC, a Delaware LLC (NMLS #46375). The OneTrust name has been registered in most states where CalCon operates, and in those states where it is not registered, we operate as CalCon. Equal Housing Lender. Matt Glynn NMLS #845662 / Matt Mounier NMLS #1378630 

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