Thanks in advance!

Thank you in advance.

When we went back to our hometown I decided to not renew my certifications for fire and EMS.

I have an excellent credit score of over 800 and am looking for advice on what mortgage rates I should expect for a 25-year or 30-year loan.Additionally, I'd appreciate any insights on the benefits of opting for a commercial loan versus a personal loan for this type of property.Thanks in advance for your help!

My eventual goal is to keep buying rental properties in the area (1 a year to start and maybe 2 as I get more advanced).

Thanks for your assistance in advance.

Unused contingency funds, unless they were received directly from the borrower, must be used to reduce the outstanding balance of the renovation mortgage after all of the renovation work has been completed and the certification of completion has been obtained.The loan is not re-amortized.Draw Schedule:The HomeStyle program has a maximum 4 draw process.The initial draw can be up to 50% of the total project and can be for materials for the project.The final draw will be at least 10% of the total project as retainage and funds will be released upon receipt and approval of final inspection, Certificate of Completion from Appraiser, signed All Bills Paid Affidavits and Lien Waivers.Additional Draw Information:Ø Signed Draw Request by borrower and contractorØ Signed All Bills Paid AffidavitØ GMG review and approve the draw request and will release funds for disbursementØ A check will be issued in the name of the borrower and contractor and delivered to borrower via USPSØ An inspection of work to date will be performed at 50% completeFinal Draw Information:Ø Signed Draw RequestØ Final inspection/Completion Certificate will be required for release of final fundsØ A Title Update showing property free from lien or encumbranceØ General Contractor’s Lien Waiver AffidavitØ Affidavit of Completion GR will review and approve the draw request and will release a check in the name of the borrower and contractor.Change Orders and Cost Overruns:Changes to the initial plan are not permitted unless prior approval by Guaranteed Rate.

Those now have to be replaced - and your state may have similar restrictions, so check into that in advance. 

I feel the program needs more of a "certification" process for the leads.

Try playing around with the “Find Deals” tool and go to the advanced settings tab.