December 19, 2017

There are many things that can be done to renovate your new home.  In fact, the list is so long, it seemed more effective to provide a list of all the ineligible improvements to a property.  Here's what you can't do: 

- You Can't tear down a home and rebuild i...

December 15, 2017

Here are the types of properties that you will not be able to use a 203(k) loan to renovate. 

-Mixed use properties in commercial zoning

-Non-FHA or warrantable condos

-Timeshares

-Working Farms

-Ranches

-Orchards

-Commercial properties

-Cooperatives

-Condotels

-Proper...

December 14, 2017

Fannie Mae Homestyle Renovation loans allow for any type of repair, as long as it is permanently affixed to the property. These loans cannot be used for tear down and reconstruction of a new dwelling.

There is one exception to the “permanently affixed to the property” c...

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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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