FHA Lowers Mortgage Insurance Premium

FHA Lowers Mortgage Insurance Premium

Great news for homebuyers considering an FHA home loan or FHA refinance! The popular mortgage program is getting even better. The Department of Housing & Urban Development announced this morning that the FHA will be decreasing their annual mortgage insurance premium by a quarter of a percent. The upfront guarantee fee will remain the same.

Effective for new mortgages closing on or after January 27th, the annual fee—paid monthly—will decrease from .85% to .60%. This news comes only four months after the USDA decision to lower their own upfront and annual fees on rural development loans.

New FHA MIP Savings Example

Now, unless you spend your spare time studying loan program guidelines, that might sound like gibberish—so let’s do some math to demonstrate the savings. On a $200,000 home purchase, the monthly mortgage insurance premium would decrease from $142 to $100. That is a savings of $42 per month, over $500 per year!

The FHA made this decision following four straight years of growth and $44 billion dollars of value gained since 2012. They aim to protect the insurance fund while also offsetting the cost of increased mortgage interest rates.

“After four straight years of growth and with sufficient reserves on hand to meet future claims, its time for FHA to pass along some modest savings to working families” -HUD Secretary, Julian Castro

Requirements for an FHA loan

You might be thinking, that’s great, but how do I know if an FHA loan is the right fit for me? I’m glad you asked! Qualifying for an FHA loan is relatively simple and provides many benefits, including but not limited to:

  • Minimum credit score of 580
  • Down Payment as low as 3.5%
  • No early payoff penalties
  • Allows seller-paid closing costs

FHA announcement: Read FHA Mortgagee

Have a specific scenario you’d like to run past us? Give us a call to speak with one of our licensed loan officers, or check out our FHA Mortgage Calculator. We would love to recommend the best loan program for you and your situation.

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Millennials, Mortgages and Homeownership

Millennials, Mortgages & Homeownership

It is no surprise that millennials, generation aged 18-34, make up more than 40% of homebuyers today. Follow these simple steps to join your peers on the path to home ownership.

Don’t Wait Forever

If you find yourself waiting for the perfect house, at a great price, and the lowest rate, you may never become a homeowner. It is no secret that interest rates have risen over the last quarter, but by historical standards, rates are still extremely low. Appreciation of home values went up 6.8% nationally in 2016, and are predicted to increase another 4% in 2017. Home sales are also up 15%. With interest rates and housing prices on the move, waiting could cost you more than you think.

Stop Renting

Studies have shown, you’re probably paying about 20% more in rent than you would for a mortgage on the same property. This is great news for your landlord, but not for you! When you own your own home, not only is it yours, so you can DIY it to your hearts desire, but you are contributing to your investment, not your landlord’s.

Don’t Assume the Answer is No

You know what they say when you assume, “Don’t make a…” Anyway, you get the point. Many potential buyers just assume they will not qualify, so they don’t even try. Student loans and little savings will not automatically disqualify you from obtaining a mortgage. In most cases, only 1% of your total student debt must be counted toward your debt-to-income ratio, and many no-or-low-downpayment programs are available today.

Get Pre-Qualified

One of the biggest mistakes potential homebuyers make is looking at homes before speaking with a loan officer. It is important to know now only if you qualify for a mortgage, but how much, and if the payments are comfortable for your financial situation. You would not want to fall in love with a home outside of your price range, or waste the sellers’ time.

Hire a Buyer’s Agent

After you have been pre-qualified for a mortgage, find a buyer’s agent you can trust. Searching for a home on your own will not save you any money—in fact it could do just the opposite! Realtors play a vital role in the real estate transaction, including showing the property, writing the offer, handing negotiations, obtaining concessions (such as closing costs), and help coordinate all of the involved parties.

Do Not Give Up

Don’t just give up if you don’t qualify today! Ask your loan officer what barriers are preventing you from being qualified, and how to improve. Sometimes, all it takes is a small downpayment gift from a family member. If poor credit is the problem, inquire about what problems may be negatively affecting your score, and work to resolve and remove them.

According to a recent survey conducted by mortgage giant Ellie Mae, 90% of millennials want to own a home, just don’t believe they can yet. 45% of those polled said lack of downpayment was their barrier, and only 30% said inability to qualify was the issue. Whatever the problem may be, do not give up. Talk to your loan officer who will be happy to advise you!

Have a specific scenario you’d like to run past us? Give us a call to speak with one of our licensed loan officers. We would love to recommend the best loan program for you and your situation.

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How to Ensure a Fast Mortgage Closing

If you’ve ever purchased a home, you know how stressful the process can be. What should be an exciting experience can quickly turn to panic, as the target closing date approaches. So, what can be done to prevent delays along your path to homeownership? Check out our list of tips and tricks below to meet (or beat!) your closing date.

Get Pre-Approved. Never shop for a home without first speaking with a mortgage loan officer. You wouldn’t want to fall in love with a home you may not be able to afford.

Tell the truth. Be 100% honest and transparent with both your mortgage loan officer and your Realtor. If you provide incorrect or incomplete information, it could cause major problems during the underwriting process.

Work with professionals. Find an experienced Buyer’s Agent to represent you and help you negotiate. It will make all the difference.

Be Responsive. Always send required documents within 24 hours of our request for them. Always send complete documentation (all pages). Be sure they are legible and not cut off. The Underwriter will conduct a thorough review of all documents provided by the borrower, realtor, loan officer, and title company. Additional document requests throughout the process are completely normal and necessary to close.

Ask Us Questions. Review all documents that you receive and let us know if there is something you do not understand. It is important to be aware of all costs associated with your mortgage.

The Appraisal. The appraisal is a required out-of-pocket cost to the borrower which generally ranges from $400 to $600. This must be paid when ordered via credit or debit card. If repairs are required by the appraiser, a final re-inspection will be required, which is an additional out-of-pocket cost to the borrower of approximately $150-$175.

Be patient. The total time to complete the mortgage process varies by loan program, property type, and borrower qualifications. You can expect 30-60 days from application to closing, but the process may take more or less time depending on the situation.

Don’t Jeopardize your Approval. DO NOT deposit large amounts of cash into your bank account. DO NOT transfer large amounts of money between accounts. DO NOT apply for new debt. DO NOT have your credit pulled. DO NOT change jobs or pay structure.

Have a specific scenario you’d like to run past us? Give us a call to speak with one of our licensed loan officers. We would love to recommend the best loan program for you and your situation.

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How to Get Rid of Mortgage Insurance

How to Get Rid of Mortgage Insurance

So you want to break up with your monthly mortgage insurance—we don’t blame you! When you purchased your home, there’s a good chance you didn’t have 20% to put down, right? Mortgage insurance is a great option, in that it allows buyers to increase their purchasing power, but comes with an unfortunate side effect of additional monthly fees.

Every situation is different, so it is important to understand your loan, to determine your options for dropping your mortgage insurance. Below are the greatest factors affecting your ability to say “Sayonara” to your mortgage insurance (MI).

• Type of mortgage insurance you’re paying
• Which lender holds your loan
• Age of your loan (time since closing)
• Your loan-to-value ratio (LTV)
• The property type
• Whether or not your property value has increased

Types of Mortgage Insurance

If you’re paying a monthly fee on a conventional loan, it is called private mortgage insurance (PMI). If you paid an upfront fee at close and a monthly fee on an FHA loan, it is called a mortgage insurance premium (MIP).

Who Owns Your Loan?

If you have a Conventional loan, is it Fannie Mae or Freddie Mac? This is important because they have different rules for when MI can be removed. If you have an FHA loan, you will need to know its age and the percentage of down payment you gave at close.

What is Your LTV?

The Loan-to-Value ratio is essentially the financed amount divided by your home’s value, expressed as a percentage. Let’s say for example that you purchased your home for $200,000 with 10% down ($20,000). You financed $180,000 of the $200,000 purchase price, which gives you a loan-to-value ratio of 90%. Your LTV will decrease as you make payments, as well as when your property value increases.

Has Your Property Increased in Value?

If you’ve made considerable improvements to your home, it has probably gone up in value! You’ll need to order a new appraisal to confirm the updated value, which generally costs between $400-$600 out of pocket.

Related: Refinance Your Home Without an Appraisal

Canceling MIP on your FHA Loan

If you closed on your loan on or after June 3, 2013 and you put less than 10% down, MIP can never be removed. With a down payment of 10% or more, you’re still required to pay MIP for a minimum of 11 years. If your loan closed before that date, your MIP will be automatically cancelled when your LTV reaches 78%, but only after you’ve paid the MIP for a minimum of 5 years, and only if you have not had any late payments in the last year. In most cases, the only way to stop paying MIP on an FHA loan is to refinance your mortgage.

Canceling PMI on your Conventional Loan

Ditching the PMI on a conventional loan is easier and more flexible than on an FHA loan. Your MI will be cancelled automatically as soon as your LTV reaches 78% OR when you reach the midpoint of your mortgage (15 years into a 30 year mortgage). Again, you must be current on your payments for the cancellation to occur.

If you pay close attention to your mortgage statements and are anxious to kick your MI to the curb, you can request cancellation once your LTV reaches 80%. It is also important to note that while Fannie Mae allows homeowners to make extra payments to get to 80% LTV faster, Freddie Mac does not.

As mentioned above, if you’ve made considerable improvements to your property, you may be able to remove PMI much sooner. You’ll need to order a new appraisal to document all improvements, but as long as your LTV is below 75% or less (for Fannie Mae) or 80% (for Freddie Mac), your PMI will be removed!

Have a specific scenario you’d like to run past us? Give us a call to speak with one of our licensed loan officers. We would love to recommend the best loan program for you and your situation.

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Conforming Loan Limits Increased

As home prices across the country continue to rise, the Federal Housing Finance Agency (FHFA) and the Federal Housing Administration (FHA) have announced increases in conforming loan limits for 2017.

For the first time since 2006, the FHFA has increased the maximum loan limit for conventional loans through Fannie Mae and Freddie Mac from $417,000 to $424,100.

Conventional Loan Limits Increased

Conforming loan limits for Fannie and Freddie are determined by the Housing & Economic Recovery Act of 2008, which requires that after a period of declining home prices, the baseline loan limit may not rise until home prices return to pre-decline levels. Until this year, average home prices remained below the level of those in the third quarter of 2007—considered the pre-decline price level—so the baseline remained the same. According to the FHFA, the Home Price Index (HPI) value for the third quarter of 2016 was approximately 1.7% above the value for the third quarter of 2007, meaning the baseline loan limit will increase as such.

Related: More about Conventional Mortgage Loan Limits and FHA Mortgage Loan Limits

FHA Loan Limits Increased

Less than a week later, the FHA announced a similar loan limit increase for a whopping 2,948 U.S. counties in 2017. Only 286 counties will remain at 2016 levels. Here in Michigan, the FHA conforming loan limit will rise from $271,050 to $275,665. It will apply to cases assigned on or after January 1st, 2017.

These loan limit increases may seem marginal, but point to a better future. The FHFA and FHA recognize that home values across the nation have recovered, and have responded with an opportunity for homebuyers to increase their buying power.

Some financial institutions have speculated that this 1.7%, $10,000 increase to the conventional loan limit could lead to 40,000 additional originations with $20 billion in loan balances across the country.

Related: One Percent Down Conventional Loan

2017 Loan Limit Summary

  • FHA Conforming Loan Limit $275,665
  • Conventional Conforming Loan Limit $424,100
  • USDA Conforming Loan Limit $275,665
  • VA Conforming Loan Limit $275,665

Have a specific scenario you’d like to run past us? Give us a call to speak with one of our licensed loan officers. We would love to recommend the best loan program for you and your situation.

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Five Reasons to Buy a Home in the Winter

5 Reasons to Buy a Home in the Winter

Baby, its cold outside—and its only going to get colder. Before you put your home search on hold for the next four months, check out these benefits of buying a home in the winter!

1. Less Competition

During the winter months, there are less buyers shopping, and therefore less offers to compete with. While other buyers are traveling for the holidays, tying up year-end projects at work, or bundling up at home, you’ll get the jump on the next hot new listing. There’s also less of a chance you’ll get caught up in a bidding war, keeping your purchase price low.

2. See the Home at its Worst

During the warmer months, it may be more difficult to inspect certain essentials like HVAC and windows. You’ll get a better idea of how a house holds up when the weather is at its worst. Is the basement dry? Are the windows drafty? Are there frozen pipes? How often does the furnace run? These questions provide you the unique opportunity to see how a home tolerates Michigan’s worst weather.

Related: Include Renovation Costs in your Mortgage

3. Sellers are Motivated

Just as buyers are less likely to begin their house hunt in the winter, sellers are less likely to put their home on the market during the winter months. This means winter sellers fit into one of two categories: they’re trying to sell a property that didn’t sell during the peak real estate season, or they’re eager to sell quickly and didn’t care to wait until the Spring. Either way, winter sellers are more likely to negotiate terms such as closing costs, possession time, and most importantly— the sales price.

4. Get the VIP Treatment

Now, let me preface this by saying that any Realtor worth their weight will work hard for you no matter what time of year it is—but the truth is you’ll be receiving responses to your emails much faster in the winter months than you will come April. They’ll be juggling fewer clients in the cold and snow, and have more time on their hands to focus on finding you your dream home.

5. Get Settled Before Spring

I don’t know about you, but my spring and summers are busy. After a long Michigan winter cooped up inside, the last thing I want to do is waste my warm sunny weekends moving, unpacking, painting, or remodeling. Buying a home during the winter months allows you to finish off those first few projects before vacations, weddings, festivals and trips to the beach fill up your weekends.

So there you have it! Don’t let the impending frigid temperatures keep you from finding your dream home this winter. A true Michigander wouldn’t be scared off by a little snow, would they?

Have a specific scenario you’d like to run past us? Give us a call to speak with one of our licensed loan officers. We would love to recommend the best loan program for you and your situation.

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Refinance Your Home Without an Appraisal

Refinance Your Home Without an Appraisal

Soon, homeowners will be able to refinance their homes without an appraisal! Beginning December 10th 2016, Fannie Mae will offer an Enhanced Property Inspection Waiver (PIW) for ONE-IN-FOUR transactions.

What is a Property Inspection Waiver?

A Property Inspection Waiver is Fannie Mae’s offer to waive the requirement for an appraisal on certain refinance transactions. It is unclear at this time whether or not purchase transactions will be offered a PIW, but more information will be released as the launch date approaches.

“When a DU loan casefile receives a PIW offer and it is exercised by the lender, Fannie Mae accepts the value estimate submitted by the lender as the market value for the subject property.” -Fannie Mae

To exercise a PIW offer, the lender must provide a Special Feature Code and the borrower must pay a $75 fee at time of loan delivery to Fannie Mae. This $75 PIW fee provides a desirable alternative to traditional appraisals, which carry an out-of-pocket cost of $400-$600 to the borrower.

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Related: Refinance your FHA mortgage without an appraisal 

What is the Benefit of a Property Inspection Waiver?

The Enhanced PIW provides many benefits to both the lender and the consumer, such as:

  • Provides a lower-cost alternative to a traditional appraisal
  • Shortens the loan origination process by removing the need to review an appraisal
  • Eliminates the expense of appraisal-related delays

Who Will Receive a Property Inspection Waiver?

Fannie Mae will use proprietary analytics and a large database of appraisal reports to determine the minimum property value for new loans. Not all transactions will receive a PIW offer—some will still require an appraisal to determine market value.

“PIW offers are issued through Desktop Underwriter® using Fannie Mae’s database of more than 20 million appraisal reports in combination with proprietary analytics from Collateral Underwriter® to determine the minimum level of property valuation required for loans delivered to us.” -Fannie Mae

What Transactions Are Eligible for a Property Inspection Waiver?

  • Single-Family Properties and Condominiums
  • Principal Residence, Second Home, and Investment Properties
  • Limited Cash-out Refinances up to 90% LTV (principal residences)
  • Cash-out Refinances up to 70% LTV (principal residences)
  • Approve/Eligible Casefiles

Have a specific scenario you’d like to run past us? Give us a call to speak with one of our licensed loan officers. We would love to recommend the best loan program for you and your situation.

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Home Improvements and How to Finance Them

Home Improvements and How to Finance Them

I don’t know what it is about the fall, but it seems to bring out the DIY-er in all of us. Instead of flocking to the beach or heading north for a quick getaway, everyone is spending their weekends at home improvement stores. If you’ve been contemplating a remodel of your own, but don’t know quite where to start, take a look at this short list of ideas below. These improvements may be small, but they will drastically transform both the look–and increase the value–of your home sweet home.

Related: Home Loans for First Time Home Buyers

The Kitchen

Kitchen improvements tend to add the most value, especially in older homes. And given it is one of the first rooms a guest sees, you’ll want yours to make a great first impression. For a few hundred dollars, you can replace the kitchen faucet set, spice up the cabinets with new door handles, and swap out old, dated light fixtures with new, brighter, more modern ones. Have a little more to spend? Hire a refacing company to refinish your cabinet boxes, and add new doors and drawers.

The Baths

Second only to the kitchen, baths are extremely important to update, and they too can be given new life without too much cash. For a shower that has seen its better days, replace broken or missing tiles, and re-grout the rest while you’re at it. Then finish the area off with a fresh coat of caulking, and continue around all other fixtures. If you’d like to take things a little further, consider swapping out the hardware, as I mentioned in the kitchen, including faucets, door handles, lighting fixtures, and a new toilet seat.

The Exterior

It may sound like a no-brainer, but a well manicured lawn and tasteful landscaping goes a long way toward increasing your home’s curb appeal. If you’ve got a green thumb and a shovel, plant a few evergreen shrubs and patch thin areas of grass or sod. Pick up any branches or debris lying around and sweep the walkways. If applicable, you may also want to consider painting your basic steel front door and upgrading to a more substantial looking handle and lock set, to give your home a more impressive front entrance.

Storage Space

Older homes are especially notorious for their lack of storage space. Think about any under-used space you have in your home—under the stairs, in the garage, the unfinished attic– then take advantage of the many DIY closet and cabinetry systems available today. Most companies even allow you to redesign your space on their website, then pick up what you need at your local home improvement store. Still struggling to store your stuff? There’s always room in the walls—recessed cabinets are designed to fit in between the studs, and take just a few hours to install.

The Basics

Certain essentials, such as roofs and windows, should be kept in good working order. Both can be expensive to repair or replace, but not doing so could be significantly more costly–not to mention the extra you money you could be paying in utilities each month. If you’re unsure of your home’s structural condition, hire an inspector to check things out. They may discover hidden issues, allowing you to take care of them now, so they don’t become a bigger, more expensive problem down the road.

Financing Home Repairs

Now, if you aren’t the handy-type or don’t have loads of cash lying around to fund your dream remodel, you might be wondering, can Riverbank Finance help me finance that? Absolutely! There are several ways to go about it, but most notable are our renovation mortgage programs. Both the Conventional Homestyle Renovation Loan and the FHA 203(k) Loan are unique programs that can be used for both home purchases and refinances. These programs allow you–the homeowner–to finance repair costs, appliances, and other home improvements into your mortgage with one low monthly payment.

For homeowners with a fair amount of equity, an even better option may be to Cashout Refinance. This option allows you to borrow up to 80% of your home’s value in the Conventional Loan program, or 85% in the FHA Loan program. The interest rate on a cashout refinance is typically lower than that of a renovation mortgage, and both are significantly lower than a home equity line of credit (HELOC).

Have a specific scenario you’d like to run past us?  Give us a call to speak with one of our licensed loan officers. We would love to recommend the best loan program for you and your situation.

Get More Information

To apply for a Renovation Mortgage or Refinance call Riverbank Finance today at 1-800-555-2098.

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Manufactured vs Modular Homes: What is the Difference?

Manufactured vs Modular Homes: What is the Difference?

There has always been a great deal of confusion regarding what constitutes a manufactured home and what constitutes a modular home. A large portion stems from incorrect word usage, as many people use these terms interchangeably. However, these two types of homes are largely different and do not reference the same type of home. The other issue lies in the fact that modular homes are technically manufactured but do not fall under that classification. Manufactured probably isn’t the best naming device since both types are technically factory made. At the end of the day, knowing the difference is important as it could have a rather large impact on your home mortgage.

Manufactured, Modular, Mobile… oh my!

As if there was not enough confusion between manufactured and modular homes, there are also mobile homes. In all honesty, all of these types of homes could possibly be referred to as mobile, but here’s the real difference; by definition, mobile homes are factory built and made before 1976 when the Department of Housing and Urban Development (HUD) code standards for those homes was instituted. After the codes, they came known as manufactured. Manufactured homes are essentially trailers (single, double, and triple wide) that are standardized by HUD. In contrast, although they are factory built, modular homes are actually difficult to distinguish from traditional stick-built onsite homes.

According to the International Association of Certified Home Inspectors (InterNACHI), there is a list of items that help distinguish between a Manufactured home and a Modular home:

Manufactured Homes Checklist

  • conform only to HUD code. Some homes contain a red tag that confirms that the unit was manufactured in compliance with this code;
  • are inspected, but do not have to be structurally approved by an inspector;
  • are manufactured in sections at factories;
  • are never more than one story;
  • do not have a permanent or conventional foundation;
  • tend to lose value over time because they are difficult to expand or improve;
  • are transported to the site on their own wheels;
  • are transported on steel chassis that are never removed;
  • are often placed on property owned by others, such as public land that is leased by the homeowner;
  • are treated as a separate lending category from modular and on-site built homes; and
  • are rarely custom-designed. The buyer can choose from homes that have already been built and receive it within days.

Modular Homes Checklist

  • must conform to the same local, state and regional building codes as homes built on-site;
  • are treated the same by banks as homes built on-site. They are easily refinanced, for example;
  • follow the same market trends as site-built houses;
  • must be structurally approved by inspectors;
  • can be of any size, although the block sections from which they are assembled are uniformly sized;
  • are often more basic than homes built on-site, but they tend to be sturdier;
  • are highly customizable. Design is usually decided by the buyer before construction has begun; and
  • generally, take eight to 14 weeks to construct. Differing from a site-built home, the foundation can be dug at the same time that the house is being constructed.

Are you interested in purchasing a manufactured or modular home? Riverbank Finance can help you finance that! Learn more about Manufactured Home Financing here.

Have a specific scenario you’d like to run past us?  Give us a call to speak with one of our licensed loan officers. We would love to recommend the best loan program for you and your situation.

Apply for a Mortgage

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Types of Renovation Mortgage Programs

Renovation Mortgage Programs

If I had a dollar for every time someone responded to my comment about remodeling and DIY projects with the phrase “welcome to home ownership!”– I’d be rich!  Not everyone has the means to build their pinterest-inspired dream home from the ground up– but what if I told you there are mortgage programs designed to help renovate existing structures?  What if your dream home already exists, and just needs some updates to make it your own?  No DIY-ing required!

Renovations programs are not very well known, and were rather unappealing before the housing crisis.  They were thought to be confusing and complicated.  As a result of the distress caused by the negative housing situation, these type of programs became more attractive to potential home buyers who sought ways to buy homes at a lower price and improve upon them.  The shift in the focus of the consumer has brought the Federal Housing Administration (FHA) 203(k) rehabilitation loan and Fannie Mae HomeStyle Renovation Mortgage to the forefront of financing options for prospective home buyers that are in the market for a fixer-upper. Both of these programs function to refinance existing homes as well.

Two Types of Renovation Mortgage Programs

When purchasing a home with a FHA 203(k) Renovation Mortgage or a Conventional HomeStyle Renovation Mortgage, the funds designated for repairs to the property are placed in an escrow account with the mortgage lender after closing. After all repairs have been made, a final inspection takes place. At this time, all contractors may submit their invoices to the lender to be paid. Renovations may not be completed by the homeowner.

FHA 203(k) Renovation Loan VS. Conventional HomeStyle Renovation

Now, you might be wondering, what is the difference between the two programs? Essentially, 203(k) is an FHA Loan Program while HomeStyle Renovation is a Conventional Loan Program. Each program, therefore, must adhere to its respective guidelines for credit score and debt-to-income limits. FHA has more strict requirements on what types of repairs can be complete to the home while the rule of thumb for the HomeStyle Renovation loan is that it can be anything that increases the value of the home and is fixed to the property. The HomeStyle Renovation Loan can be used to buy or refinance a primary residence, second home (vacation home) or even an investment property while the FHA 203(k) loan is only available on primary residences.

Which Renovation Mortgage Program is Best for Me?

If you have low credit and the property is only in need of minor repairs, the FHA 203(k) would probably be best for you, as it allows credit scores down to 580 and only requires as little as 3.5% down. If your credit score is over 660 however, and you have 5% to put down, you may be better off with a HomeStyle renovation loan, as it would likely give you a lower overall mortgage payment. In any case, if you are unsure, contact a loan officer at Riverbank Finance to discuss each program’s specific guidelines and determine which would be the best fit for you.

Take a look at Fannie Mae’s guidelines for HomeStyle Renovation Loans
Also check out FHA’s 203k Renovation guidelines

Have a specific scenario you’d like to run past us?  Give us a call to speak with one of our licensed loan officers. We would love to recommend the best loan program for you and your situation.

Apply for a Renovation Mortgage

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