April 3, 2018

HomeStyle and 203(k) are both available loan options if you are a first time home buyer.  There is no requirement to have previously purchased a home or have any history of owning and investing in property.  

In fact, these loan options serve as a great t...

March 23, 2018

In previous blog posts we have discussed the importance of your lender, your contractor, and the role of a HUD consultant in a renovation loan.  In this article, we want to cover a few major tips when it comes to choosing your realtor. You realtor is an integral part o...

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 9, 2018

Alongside your lender, the most instrumental person in a Fannie Mae HomeStyle loan is the contractor. Your contractor plays a crucial role.  The contractor can be the reason that this is an amazing loan product and an amazing experience for you, or they can cripple the...

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 7, 2018

Did you know that you can get a Fannie Mae HomeStyle Renovation Mortgage or a 203(k) loan to refinance your home?!  That's right!

Say for example, that you've outgrown your home, but you want to stay in the neighborhood.  Ever thought about building an addition to...

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 21, 2018

It’s February of 2018, and many potential buyers are inquiring about purchasing multi-unit properties.  These buyers see the opportunity to supplement their income and decrease their housing expense by receiving rental income from a second unit.  It's an interesting pl...

January 4, 2018

When you are using a 203(k) loan the current property that you are purchasing will not have to meet typical FHA criteria until it is finished.  

We aren't just talking about some homes that need new carpets or need a fresh coat of paint.  

We are talking about...

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


-Working Farms



-Commercial properties




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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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