Why work with JONATHAN BLACKWELL & his team?
Most mortgage lenders take a general approach to mortgage lending & offer every mortgage product available. I take a different approach. I think the best way to serve my referral partners and customers is not to know a little about everything, but to know EVERYTHING about one NICHE.
Our niche is helping buyers purchase foreclosures, short sales and other distressed property using FHA 203K, HOMESTYLE & HOMEPATH Renovation loans.
Most mortgage loans provide only permanent financing. That is, the lender will not usually close the loan and release the mortgage proceeds unless the condition and value of the property provide adequate loan security.
When renovations are involved, this means that a lender typically requires the improvements to be finished before a long-term mortgage is made. Not on FHA 203K Loans!
The HomeSTYLE and the HomePATH Renovation are both Fannie Mae offerings. The HomePATH is available ONLY on Fannie Mae owned foreclosures while the HomeSTYLE is NOT property specific.
HomePath Renovation Mortgage allows a borrower to purchase a property that requires light to moderate renovation. The one loan amount includes both the funds for the purchase and renovation – up to 35% of the as completed value, no more than $35,000.
