There are some additional things that could help determine which loan product is best for your situation.203k Best When:- Credit scores 680-720 or less- Renovation will improve the value of the home more than 75%- Renovations will be on or in the home - no new yard projects, only fixing existing- Higher Debt To Income (can get approval with up to 56.9% dti)HomeStyle Best When:- Purchase + Renovation costs will come in higher than FHA Limits- Home improvements will only improve vale 75% or less - 720+ credit or 20% down (of purchase price + reno cost) to avoid PMI- Exterior Projects (fence, hardscaping, pool, outdoor kitchen)- Lower Debt To Income (sometimes as high as 50%, many times between 45-50%)- Renovations that are greater than $35,000 (soon this will move up to $75,000)Happy to answer any other questions that you may have!

You also can have someone who uses matterport or other software to scan and create floor plans if that’s all you need and that costs like 250Have to submit plans to get building permits approved.

You should verify this with official HUD documentation or through a HUD-approved lender.Term Until 2051:The mention of the loan term extending to 2051 or until the property is sold or refinanced suggests these could be loans with a long-term structure or special conditions.

I don't know how many lenders would approve a HELOC on an investment property.

Even if not, the writing is on the wall for more regulations for everyone, if they approve these.https://www.coasttv.com/news/ocean-city-council-to-discuss-r...https://www.oceancitytoday.com/news/ocean_city/ocean-city-co...

The value in this type of commercial is in the leases.If you can get approvals for the apartments, there is value in that.

They setup to assist clients from all over the US and have great online/mobile banking system so you don't even need to go to a branch for your banking needs.

Essentially all of the focus is on the approval process.

t show.I read your story and it leads me to believe you were dealing with a HM broker and not the lender directly cause they won't even schedule a closing unless the loan passes UW, gets voted on by committee, and then stamped with final approval. 

Now i have funding approv in US, time to begin my US journey What made you interested in investing in this type of deal?