Easy FHA, VA, & Home Loans | GO Mortgage

  A house is a dream for many, and if any need major repairs A person may want to convert an older house into one with a modern bend and some comfort. For many buyers and homeowners, the FHA Renovation Loan, as it is technically called, is the solution. This is a different program that takes the cost of buying (or refinancing) a home and blends it in with the cost of repairs and improvements into a single loan. This guide explains the FHA 203(k) loan, how it works, its benefits, eligibility requirements, and how to go about it. Whether you are buying for the first time or a homeowner looking to upgrade, the information here would be very easy to understand and practical for you What Is an FHA Renovation Loan? An FHA Renovation Loan is a government-backed mortgage that, in a single loan, gives purchase money for a home and for repairs or improvements. It is more commonly called the FHA 203(k) loan and is offered through the Federal Housing Administration. Instead of going through o...

  The thought of a custom-built home is a dream for many: designing every single detail in every room, choosing every fixture and finish, and picking a piece of land down to the last square inch. But the financing options for this dream may be daunting. This is where a single close construction loan can make things simpler. If you're considering options for financing the construction of your home, it might be worthwhile getting to know what a single close loan is, how it works, and why it might work for you. What is a Single Close Construction Loan? A single close construction loan sometimes called a construction-to-permanent loan is a financing option that combines two loans into one. Instead of getting a construction loan first and then a separate mortgage once your home is built, this loan wraps both into a single transaction. Here’s how it works: You apply for the loan once, close once, and lock in your rate once. The loan covers the construction costs upfront and automatical...