Renovation Finance – Lunch & Learn – Next class 1/31/18 @ 11:30AM

Your InvitedRenovation Finance from A to Z……..

  Join Sheri McLaughlin on the last Wednesday of each month and learn how to:

  • Purchase & Renovate / Remodel a home using a renovation Loan with as little as *3.5% total down payment out of pocket 
    • Go Find the worst house in the best neighborhood / Use your VISION to make it your own
    • Did you find THE perfect house….BUT…(it’s small, outdated, falling down, etc…)
    • Renovation loans open up the “Cash Only” house to YOU
  • Refinance & Renovate / Remodel a home using “future value” with **no out of pocket funds 
    • Love your neighborhood, but need more space?
    • Can’t get financing needed for project based on current value?
    • Do you want to add a granny unit for additional rental income?

Renovation Lunch and Learn Invite

Please RSVP by 1/29/2018

 * Purchase down payment % based on Lessor of total purchase & renovation OR 110% After Improved Value
** No out of pocket contribution on refinance requires homes “after-improved” value to come in at needed amount to allow 97.7% financing on 110% of future value.

 

Search Renovation Loan Candidates – ACTIVE Listings

 

Looking for a great Renovation Fixer Candidate? I have listed a couple different websites with instructions below that provide a a way to search “fixer” properties!


Search all new HUD REO 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

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

RARE Opportunity in Lake of the Pines / 9 min walk to Beach – Renovation Loan Candidate on .43 Acres – $257,000 List Price

13492 Torrey Pines Dr, Auburn, CA 95602 –  Listed at $257,000 – This is a Rare Opportunity in Lake of the Pines to Finance the Purchase & Renovation costs to turn this HUD Fixer (on nearly 1/2 acre & less than a 10 Minute Walk to the Lake) in to your Dream Home. Use the FHA #203k to complete a FULL Remodel / Addition OR Use the Fannie Mae #HomeStyle to ADD square footage, Remodel and/or Construct a POOL! Call me today for more information or to get qualified to place a bid!  HUD REO – As-Is – Owner Occupied Bid Deadline – 5/3/17.

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See Example 203(k) Financing Scenarios Below

Lake of the Pines 203k

Hot Fixer Candidate – Renovation Loan – Sacramento, CA – $134,000 List Price – HUD Home

2729 Connie Drive, Sacramento, CA 95815–  Listed at $134,000 –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 4/23/17.

See Example 203(k)  Financing Scenarios at $10k, $20k & $30k renovations below

2729 Connie

Hot Fixer Candidate – Renovation Loan – Sacramento, CA – $159,900 List Price

6201 Sun River Dr, Sacramento, CA 95824 –  Listed at $159,900– 3 bed / 1 bath / 1 car garage / 980 sq feet living area – TOO SMALL?? This has a HUGE lot (nearly 1/4 Acre) so Use the FHA #203k to ADD square footage & remodel to your liking OR Use the Fannie Mae #HomeStyle to ADD square footage, remodel & Build a POOL / SPA in this HUGE backyard! Call me today for more information or to get qualified to place a bid!  Owner Occupied Buyers ONLY through 4/30/17.

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

6201 sun river 203k

6201 sun river HomeStyle