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 1, 2018

Fannie Mae HomeStyle Renovation Loans are not just for detached homes, they can also be used for condos as well. 

However, one critical step that exists with condos, that does not exist with most single family detached homes, is that homeowners must obtain written appro...

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...

September 14, 2017

There’s several differences between the Fannie Mae HomeStyle Renovation Loan and the FHA 203k Loan, but one of the major differences is their guidelines rsurrounding mortgage insurance.

FHA loans come with upfront mortgage insurance AND monthly mortgage insurance.  The...

August 17, 2017

For both types  of 203(k) loans, Standard or Limited, you will need to have something called a Contingency Fund.  The Contingency Fund is 10% of the actual repair amount. This money is set aside to cover unplanned repairs that become necessary due to health or safety i...

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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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