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Annie Mac Renovation Lending Form

Annie Mac Renovation Lending Form

Use a Annie Mac Renovation Lending Form 0 template to make your document workflow more streamlined.

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Instructions and help about anniemac information checklist

hey realer stepen Mike here your VIP loan guys with your weekly mortgage minute today we're going to talk to you about an alternative renovation product to help you close more deals that's right many of you are familiar with the FHA 203k but there's a great alternative out there it's The Fanny May Homestyle renovation loan and I'm going to take you through the details with this program you can get up to 95% of the after repair value the great part about this product is it's not restricted to just primary homes you can use it on a vacation home home or even a one unit investment property the loan to values change a little with these property types so please reach out if you have any questions on that next you get conventional PMI treatment no expensive upfront PMI and if you have 20% down no PMI at all if you don't you get the conventional automatic termination where the PMI goes away automatically and then next luxury items are ok

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