In this article, we will go over Zoning Rules for Using a Triplex as a Duplex in Philadelphia. Most people know that when you want to use a duplex as a triplex, you need to get zoning approvals from the city, but what about vice versa? Using a triplex as a duplex in...
Believe it or not, renovations are much more complicated than constructing a new house. This article explores overcoming renovation challenges through the lens of a recent project we completed, highlighting how we successfully navigated and overcame each obstacle. If...
The 203(k) loan might be the key to achieving your mortgage free life goals in Philadelphia and South Jersey. Are you tired of the endless cycle of paying rent or a hefty mortgage? Do you dream of owning your own home, but the upfront costs seem daunting? Look no...
Now that you understand the basics of the 203(k) loan, let's dive into the exciting part. You are likely reading this article because you're interested in using a 203(k) loan for a home addition in Philadelphia. In the following section, we'll explore how you can...
Eligibility Here is the 10 FAQs about 203k loan eligibility in a format that you can copy with numbers: 1. What is a 203k loan? A 203k loan is a type of FHA loan that allows borrowers to finance the purchase and renovation of a home in a single mortgage. 2. Who is...
Buying a home is a big deal. It's the most significant investment you will ever make. So, you have to get it right! That's where a home inspection comes in handy. It's like a quick check-up for your future home to see if it's a good pick. Everyone buying a home should...
Finalized Permit Vs. Certificate of Occupancy. Today, we explain the differences between Finalizing a Permit and getting a Certificate of Occupancy (CO). You've probably encountered a wealth of information online about the various types of 203(k) loans, their...
In this article, we will talk about the challenges of reno loans for realtors and explain how you can benefit from renovation loans as a real estate agent. With a low housing inventory and many buyers looking for fixer-uppers, real estate agents should start turning...
Getting permits is crucial to any construction or renovation job in Philadelphia. The rules for approval vary, and they change over time. Even after working in the industry for more than 25 years as a renovation contractor, we still encounter new challenges for each...
Fannie Mae HomeStyle and FHA 203(k) loans offer reliable financing options for individuals looking to purchase a home and customize it to their preferences. These loans provide a valuable opportunity and can be used for buying and fixing up multi-family dwellings....
Are you tired of the endless struggle to find the perfect house for your buyers? As a buyer agent, it can be frustrating when every house you show your clients has a ton of offers already thus making it nearly impossible to get your offer accepted. But what if we tell...
Today, we are addressing a topic that has received little attention but is important to understand. You might have come across the term "Appraisal" if you have ever been through the 203(k) loan process. What exactly is this appraisal, and why is it so important? In...
Have you ever been through a home renovation project? If you have, you understand the vital role clear communication plays in ensuring a successful renovation. Home renovations are no small feat, and communicating effectively with your renovation team can...
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We have already talked a lot about the FHA 203(k) loan. However, there is another loan option that is similar to the 203(k) and that often gets people's attention: the Fannie Mae HomeStyle Loan. Both the Fannie Mae HomeStyle Loan and the 203(k) loan offer...
Are you planning to do a 203(k) home renovation in Philadelphia? Before you start knocking down walls, did you know that you will need a permit? Let’s begin by explaining what a permit is. A permit is an official authorization issued by a government agency that allows...
More and more people in the United States are choosing manufactured homes as their housing option. In case you are not familiar with the term, manufactured housing refers to homes that are built in a factory and then transported in sections to be assembled on a fixed...
An FHA 203(k) loan is a mortgage that is insured by the Federal Housing Administration (FHA). Homebuyers can use this type of loan to purchase a property and make necessary repairs and updates. One benefit of a 203(k) loan is that you can buy a fixer-upper and...
Learn everything you need to know about FHA 203(k) Loan Requirements and how to apply, in this comprehensive guide. What are the FHA 203(k) Loan Requirements in 2023? The 203(k) loan is a popular choice for homeowners and homebuyers because it is a great way to...
