If you’ve ever asked, “Why do construction projects take longer than expected?”, you’re not alone. It’s probably the most common question any contractor gets. And while there are dozens of reasons ( As you can read here: The Top 10 Reasons Your Construction Delays!),...
At Matrix Construction, we are committed to completing your construction project as efficiently and quickly as possible while staying within budget. However, the construction process involves numerous steps and parties working in sequence. While it's easy to overlook...
In today’s real estate landscape, choosing between an FHA and a conventional loan goes beyond just credit scores and down payments. One of the most crucial, yet often misunderstood aspects of this choice lies in the Minimum Property Standards (MPS). Understanding MPS...
“What will my renovation project cost exactly?” It’s a question every homeowner asks, but one that no contractor can answer with certainty upfront, especially when it comes to 203(k) renovations. Pricing a 203(k) renovation project isn’t as straightforward as most...
So, you’ve found a house that could be great if only it had a new roof, updated kitchen, or a finished basement. You’re thinking about using an FHA 203(k) loan to make it happen, but first, you need to answer the big question: Is this even feasible? Let’s walk through...
At MatrixGC, we know real estate investors are always looking for smarter, faster, and more sustainable ways to scale their portfolios. That’s where the Buy, Rehab, Rent, Refinance, Repeat strategy, commonly known as BRRRR, comes in. It’s not just a buzzword; it’s a...
Taking on a 203(k) renovation project is no small feat. If you're planning to update or repair a home with a 203(k) loan, you might already know it can be a lengthy and complicated process. But just how challenging is it to navigate the complexities of a 203(k)...
Buying a home is a dream for many, and FHA loans make that dream accessible. If you are curious whether you can have multiple FHA loans at the same time, you're not alone. FHA loans are popular because they offer flexibility for borrowers with low credit scores and...
Navigating the mortgage market can be overwhelming, especially when you’re trying to figure out how much house you can actually afford. One key piece of the puzzle is understanding FHA loan limits—the maximum amount the Federal Housing Administration is willing to...
In today's article, we delve into the benefits of 203(k) loans and their impact on the real estate market. When it comes to buying or renovating a home, understanding the 203(k) loan financing benefits can make a significant difference for homeowners and investors. As...
Buying a home can be an exciting journey, but it often comes with its fair share of challenges. One of the most common hurdles? Appraisal issues. Low appraisals can derail the purchase of your dream home, especially if you’re planning to renovate. Luckily, there’s a...
When navigating the home-buying process, understanding an FHA appraisal vs. home inspection is crucial—especially for buyers utilizing a 203(k) loan. While both inspections and appraisals are vital steps, they serve entirely different purposes. This article will delve...
Are you planning to buy or renovate a home in 2025? The 2025 203(k) Loan Update brings significant changes to the FHA 203(k) loan program. These changes aim to make homeownership and renovation projects more accessible and flexible for buyers and investors. Let’s...
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...
