Active “For Sale” List of Renovation Loan Candidates

Updated 8/10/2017

Current Active Properties

30 Miranda Ct, Sacramento, CA 95822 – Listed at $305,000 – 4bed / 2ba / 1614 Sq Ft – HOT HUD Home – Offers will be accepted until  8/17/2017 – Financing Flyer – Click Here
3041 Gray Squirrel, Georgetown, CA – Listed at $243,500 – 3bed / 2ba / 1296 Sq Ft – HOT HUD Home – Owner Occupied Offers will be reviewed on a daily basis through 8/14/2017 / Investors open to bid 8/15/2017 if the property is still available – Contact me to review financing options
11148 Glen Meadow Drive, Grass Valley, CA – Listed at $294,400 – 3 bed / 4ba / 2490 Sq Ft – HOT HUD Home – Offers will be reviewed on a daily basis until HUD accepts an offer (Open to Owner Occupied & Investors) – Contact me to review financing options
1665 Lilac Ln, Auburn, CA – Listed at $267,500 – Listed at $267,500 – 3 bed / 2ba / 1328 Sq Ft – HOT HUD Home – Owner Occupied Offers will be accepted through 8/14/2017 – Contact me to review financing options
3316 Merkel Drive, Georgetown, CA – Listed at $262,800 – 3 bed / 2 ba / 1794 Sq Ft – Manufactured HUD Home  – Offers will be reviewed on a daily basis until HUD accepts an offer (Open to Owner Occupied & Investors) – Contact me to review financing options
7242 Melva St, Citrus Heights, CA 95610 – Listed at $269,900 – 3bed / 1ba / 1065 Sq Ft
3748 Elk River Ct, Antelope, CA 95843 – Listed at $330,000 – 4bed / 3ba / 2244 Sq Ft
8288 Wightman Ave, Fair Oaks, CA 95628 – Listed at $263,000 – 3bed / 1ba / 1008 Sq Ft
7405 Mar Vista Way, Citrus Heights, CA 95621 – Listed at $250,000 – 3bed / 2ba / 1271 Sq Ft Financing Flyer – Click Here
7788 Sunset Ave, Fair Oaks, CA 95628 – Listed at $310,000 – 4bed / 1ba / 1422 Sq Ft
50 Judah Rd, Emigrant Gap, CA – Listed at $275,000 – 2 bed / 1ba / 1065 Sq Ft –  Financing Flyer  ~ Click Here
37400 S River Rd, Clarksburg, CA 95612 – Listed at $420,500 – 3bed / 2bath / 1966 Sq. Ft.
5501 Marconi Ave, Carmichael, CA 95608 – Listed at $384,900 – 3bed / 2bath / 2259 Sq. Ft.
3548 Ardmore Rd, Sacramento, CA 95821 – Listed at $330,000 – 4bed / 2.5bath / 2175 Sq Ft
2224 8th Ave, Sacramento, CA 95818– Listed at $419,000 – 2bed / 1bath / 1061 Sq Ft
5780 Yankee Jims Rd, Foresthill, CA 95631 – Listed at $295,000 – 2bed / 1bath / 960 Sq Ft
2170 Dog Bar Rd, Colfax, CA 95713 – Listed at $350,000 – 2bed / 1bath / 987 Sq Ft
6888 Sly Park Rd, Placerville, CA 95667 – Listed at $325,000 – 3bed / 2bath / 1327 Sq Ft
5964 Pennyroyal Dr, Pollock Pines, CA 95726 – Listed at $193,950 – 3bed / 2ba / 1961 Sq Ft
482 Capistrano, Oakland, CA 94603 – Listed at $299,000 – 2bed /1bath / 973 Sq. Ft.
10501 Royal Ann St, Oakland, CA 94603 –  Listed at $299,000 – 1bed / 1bath / 792 Sq. Ft.

Search all new HUD properties – Click Here

HUD Home Store search table

Search all ACTIVE properties – Click Here  Open up “More Filters” to narrow down search parameters to include “Fixer-Upper” and listings that have been on market more than 30 days

redfin search table

 

Please feel free to contact me anytime with questions by phone at 916-235-3989 or by email at SMcLaughlin@HomeBridge.com

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Sheri McLaughlin / Mortgage Loan Originator / NMLS#448414

702 Sutter St, Ste. C, Folsom, CA 95630

Direct: 916-235-3989

Email: SMcLaughlin@HomeBridge.com

Charming Colfax Bungalow calling out to be restored – Eligible for Renovation Financing – $269,000 List Price

212 Vista Ave, Colfax, CA – Listed at $269,000 – Tons of potential in this charming Colfax neighborhood – Use an FHA #203k to Finance up to 96.5% of the Purchase Price & Renovation Budget  – in 1 Loan! SO much potential here – Add square footage by finishing the ATTIC or Adding a Granny flat! Call me today for more information or to get qualified  – I specialize in Renovation Financing and have closed hundreds successfully since 2008 and would love to Introduce YOU to Renovation Finance so YOU can benefit from using very little out of pocket to finance your next Purchase & Renovations!  

See Example 203(k)  Financing Scenarios at $20k, $45k & $70k renovations below

 

212 Vista Ave

Please feel free to contact me anytime with questions by phone at 916-235-3989 or by email at SMcLaughlin@HomeBridge.com

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Sheri McLaughlin 

Renovation Loan Specialist / NMLS#448414

HomeBridge Financial Services, Inc.

702 Sutter Street, Ste. C

Folsom, CA 95630

c: (916) 235-3989  f: (866) 341-7531

e: smclaughlin@homebridge.com

web: http://sheritalks203k.com/

Fair Oaks Fixer on nearly 1/4 Acre Corner Lot – Eligible for Renovation Financing – $285,000 List Price

7324 Sunset Ave, Fair Oaks, CA – Listed at $285,000 – Tons of potential in this charming Fair Oaks neighborhood – on nearly 1/4 acre corner lot – Use an FHA #203k to Finance up to 96.5% of the Purchase Price & Renovation Budget  – in 1 Loan! Bring your own Contractor  & Vision – Make this your DREAM Home in an established Fair Oaks neighborhood! Call me today for more information or to get qualified  – I specialize in Renovation Financing and have closed hundreds successfully since 2008 and would love to Introduce YOU to Renovation Finance so YOU can benefit from using very little out of pocket to finance your next Purchase & Renovations!  

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See Example 203(k)  Financing Scenarios at $30k, $50k & $70k renovations below

7324 Sunset Ave Fair Oaks financing flyer

Please feel free to contact me anytime with questions by phone at 916-235-3989 or by email at SMcLaughlin@HomeBridge.com

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Sheri McLaughlin 
Renovation Loan Specialist / NMLS#448414
HomeBridge Financial Services, Inc.
702 Sutter Street, Ste. C
Folsom, CA 95630
c: (916) 235-3989  f: (866) 341-7531
e: smclaughlin@homebridge.com
web: http://sheritalks203k.com/

Sheri McLaughlin – June Renovation Newsletter

Hot off the PRESS – Manufactured Housing now Available under FHA 203k Financing – Effective immediately!! HomeBridge Financial Services now allows 203k financing on manufactured homes. 

  • No Perm Foundation? That’s OK!! Use the 203k to install a NEW foundation.
  • No Septic / Well connection? That’s OK!!! Use the 203k to ADD a septic or well to the property
  • Too Small for your Buyers?? That’s OK!!! Use the 203k to ADD on square footage & decking 

Garden Valley Fixer FHA 203k Success Story My Buyers found the perfect “dream” home in Garden Valley that BUT there was nearly $40k in deferred maintenance / neglect from previous Elderly owner that was required to qualify for financing and the Seller’s Trustee was NOT willing to complete repairs. Home was listed at $265,000 with MULTIPLE Offers and the Seller accepted our offer with the promise to close Fast & As-Is. Our Buyer used the FHA 203K to complete the minimum repairs with a finalized Total Acquisition Cost of $314,860 with only $11,021 total down payment out of pocket / Closed in 42 days with $10k in instant equity!

Whitney small

The Buyer chose to include ONLY minimum repairs, listed below:

Replace all damaged trim / sidingReplace all damaged fascia / raftersRemove all peeling / chipping paint~ Remove rotting decks & replace with landings~ Paint Exterior / Interior where needed~ Repair roof where needed / Replace gutters~ Install flooring where flooring was missing~ Remove exterior outbuildings that were deteriorated~ Septic repairs 

 

Final loan figures:

  • $275,000 Purchase Price 
  • $39,860 Total Renovation Budget
  • $303,839 Base Loan Amount (96.5% of Total Cost of $314,860)
  • $11,021 Down Payment (3.5% of Total Cost)
  • $325,000 After-Improved Appraised Value (No As-Is Appraisal Needed)

Reno Loans to the RescueHow do I bring it up?

When I meet a client how do I bring up renovation loan options?

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I recommend you let Buyers know upfront before showing properties that they have an option to finance the cost to repair, modernize, or customize/personalize any home with an FHA or Conventional loan; allowing you to show more properties that may be “cash only”.

That’s it.  It is truly that simple!

Everyone does SOMETHING to a new home when they move in.  How do they pay for it?  The majority of new homeowners either wipe out their savings or they charge up the credit cards. In my opinion, neither option is wise for a new homeowner.  Typically, $10,000 in renovations is less than $55 per month!  How much is the minimum monthly payment on a credit card with a balance of $10,000?

How can you help them write a contract sooner rather than later?  Be ready to remind them of this option as you overhear “Oh, I wish the kitchen had this”, “I wish the bathrooms were more updated”, “the closets are to small”, “the rooms are to cut up” or “I really want a garage”.

Today’s buyers want to be educated.  All you need to do is let them know that these programs exist. What is the worst thing that will happen?  They might just make a home decision a few months quicker allowing you to move onto your next buyer!

From Distressed Properties to Outdated Houses…

I have a Step-by-Step Solution to help YOU Sell more homes…

 

Join me the 3rd Wednesday each month from 11:30 – 1pm for a FREE Renovation Finance Lunch & Learn or Call me to schedule a Lunch & Learn in your office!!!!

Reno class invite

I would love the opportunity to speak with any client you have that MAY be interested in learning more about the Renovation Loan Process with No Obligation.  

Please feel free to contact me anytime with questions by phone at 916-235-3989 or by email at SMcLaughlin@HomeBridge.com

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Sheri McLaughlin 
Renovation Loan Specialist / NMLS#448414
HomeBridge Financial Services, Inc.
702 Sutter Street, Ste. C
Folsom, CA 95630
c: (916) 235-3989  f: (866) 341-7531
e: smclaughlin@homebridge.com
web: http://sheritalks203k.com/

Gorgeous HUD home in Lincoln – $465,000 List Price – Minor Repairs needed – Bid Deadline 6/25/17

2688 Westview Dr, Lincoln, CA 95648 – Listed at $465,000 – Use the FHA #203k to Finance up to 96.5% of the Purchase Price & Repairs  – in 1 Loan! Call me today for more information or to get qualified to place a bid – I am very familiar with HUD properties & specialize in closing renovation loans smoothly – Bring your own Contractor!  Bid Deadline is 6/25/17.

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Hot Fixer Candidate – $189,000 List Price – HUD Home in Rancho Cordova – Bid Deadline 6/25/17

2255 Baywater Lane, Rancho Cordova, CA – Listed at $189,000 – Use the FHA #203k to Finance up to 96.5% of the Purchase Price & Repairs / Remodeling  – in 1 Loan! Call me today for more information or to get qualified to place a bid – I am very familiar with HUD properties & specialize in closing renovation loans smoothly – Bring your own Contractor!  Bid Deadline is 6/25/17.

See Example 203(k)  Financing Scenarios at $25k, $50k & $75k renovations below

HUD 2255 Baywater Lane

Fixer Upper on 3 Acres in Georgetown – Eligible for Renovation Financing – $254,000 List Price / Estimated $400,000 After Improved Value

4901 Hotchkiss Hill Rd, Georgetown, CA – Listed at $254,000 – 5 bed/2 bath – 1960 Sq. Ft. – 3.32 Acres – Use an FHA #203k to Finance up to 96.5% of the Purchase Price & Renovation Budget  – in 1 Loan! Bring your own Contractor  & Vision – Make this your DREAM Home overlooking spectacular sunset views! Call me today for more information or to get qualified  – I specialize in Renovation Financing and have closed hundreds successfully since 2008 and would love to Introduce YOU to Renovation Finance so YOU can benefit from using very little out of pocket to finance your next Purchase & Renovations!  

See Example 203(k)  Financing Scenarios at $100k, $125k & $150k renovations below

4901 Hotchkiss Hill financing flyer