American Society of Home Inspectors
National Association of FHA consultants
Mountain Metro Realtors Association
Providing home inspections so you can purchase a home with confidence.
Phone: 303 919-1712
FHA 203K/Fannie Mae Homestyle Loan Overview:
Certified FHA 203K Consultant
Fannie Mae Homestyle Consultant
General Construction Loan Consultant
Douglas Vogel has over 35 years of experience in the construction industry and has also built several homes in the Front Range and Rocky Mountain regions of Colorado. For more information about his background, experience, and further construction-related services he offers, please visit www.cclservicesllc.com.
Douglas Vogel is a nationally recognized expert in residential and commercial construction.
FHA 203K Loan
The FHA 203K loan allows you to borrow money for home improvement and home ownership in one loan. The loan is guaranteed by the FHA, which can help keep your interest rate low. If you want to buy or refinance a home that needs work, an FHA 203K loan may help. Sometimes referred to as a 'rehab' or 'fixer' loan, FHA 203K provides funding for the home purchase as well as any improvements projects. Instead of getting two loans, you bundle everything together.
Fannie Mae Homestyle Loan
The Homestyle Renovation mortgage, similar to the FHA 203K loan, permits borrowers to include financing for home improvements in a purchase or refinance transaction of an existing home. HomeStyle Renovation mortgage provides a convenient way for borrowers to make renovations, repairs, or improvements totaling up to 50 percent of the as-completed appraised value of the property with a first mortgage, rather than a second mortgage, home equity line of credit, or other, more costly financing method. Eligible borrowers include individual home buyers, investors, nonprofit organizations, and local government agencies.