Every buyer should get a second opinion. Period.
Second opinions are routine with everything else we are looking to buy, so why shouldn’t it be routine for what is arguably our biggest purchase?
We believe it should.
WE MAKE GETTING A SECOND OPINION EASY
There are many benefits of a “Second Opinion”
Our “Second Opinion” program is designed for you – not the client.
It’s a way we can arm with you all the tools needed to succeed as a real estate professional. Information is power, and if you have information that will benefit your client – you are the professional with
As such, we do not need to talk to the client, have them apply, or pull their credit.
Pur second opinion program is the
FHA 203(b) - Purchase or Refinance
The 203b program is the most popular FHA purchase program. It is also the program of choice for many first time home buyers. This FHA home loan offers low down payment options if you are looking to purchase a home, and high loan-to-value ratios if you want to refinance your home.
FHA 203(k) Renovation - Purchase or Refinance
An FHA 203k loan, also called a Rehab Loan or FHA Construction loan, allows you to borrow funds to do just that – rehab or improve the property when you purchase or refinance it. The big advantage of the FHA 203k loan is that all of the funds of are bundled into one single loan.
A common problem when buying a home is that it might need some work if it is old or has been sitting empty. Many home buyers want to go ahead and update the property to make it feel more like theirs before moving in. Or maybe you have been living in the home for years and have decided that it is time to refinance and take care of a few things. A rehab loan could be your solution. With this loan, you can borrow up to $35,000 for rehab or improvements for a purchase or refinance.
HUD $100 Down Program - Purchase
The HUD $100 down program is a standard FHA 203b loan, with a twist.
Instead of the minimum required 3.5% of the price down payment, this program for only a $100 down payment.
The twist is this program is limited to eligible properties. In order to use the HUD $100 down program, the property must be a HUD foreclosure or in other words, a HUD REO.
FHA Cash Out Refinance
An FHA Cash Out Refinance allows borrowing up to 85% of the appraised value. Th funds can be used to payoff high interest rate credit cards, medical bills, school expenses, or for any other reason.
FHA Streamline Refinance
An FHA Streamline Refinance is a special refinance loan available to any current FHA loan holder. Its an FHA to FHA refinance that eliminates the need for a new appraisal or income qualifying.
MAXIMUM LOAN AMOUNT
The FHA has a maximum loan amount that it will insure, which is known as the FHA lending limit. These loan limits are calculated and updated annually, and are influenced by the conventional loan limits set by Fannie Mae and Freddie Mac. The type of home, such as single-family or duplex, can also affect these numbers.
ELIGIBLE PROPERTY TYPES
FHA insures several different types of properties, including: