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Updated about 9 years ago, 10/05/2015
Got this one thanks to BiggerPockets
A few months back I posted a question about renovation loan options. We needed a renovation loan but weren't eligible for 203K because we currently have an FHA loan. Big thanks to @Mike Martin Who suggested we look into a little-known loan option called Fanie Mae Homestyle. Fast forward a couple months through a slow escrow and we now have title and 65k renovation budget on this cute little two house fixer on a beautiful acre.
Thanks Mike. Thanks BP.
Hey Orion Walker , any update on this project? How has the Homestyle loan worked out? Are you done with the reno's? Would/can you do it again?
@Charles Soper, I should post some before and afters. Wish I could say we are done, but not quite yet. Contractor hasn't exactly been fast. But I like the loan a lot. process has been very smooth thus far.
Wow, 10 months later? When did you close? Is it taking so long because of the Homestyle complications, or just a slow contractor?