STEPHEN THAGGARD: Home Repairs Made Easy with Fannie Mae HomeStyle Renovation Loan
By Stephen Thaggard, Sales Manager of Embrace Home Loans // November 22, 2017
SALES MANAGER OF EMBRACE HOME LOANS
SPACE COAST DAILY TV: Space Coast Daily was live with Stephen Thaggard, Sales Manager of Embrace Home Loans in the Viera, Florida office. Thaggard shares a program for homebuyers (or homeowners) to consider that can help provide the funds needed to repair and rebuild so we can all get back on our feet, and it’s the Fannie Mae HomeStyle Renovation Loan.
A Quick and Simple Construction Loan To Help Finance Your Home Improvements
BREVARD COUNTY, FLORIDA – Finally! It’s Fall! I have personally been looking forward to this new month, so far without hurricanes, and hopefully a lot less rain. Time for some sunshine! Our home had only minor roof shingle loss from Hurricane Irma (already replaced) and some tree damage, as did most of our neighborhood.
Driving around Brevard County, you’ll notice there are many homes that suffered more damage. In fact, homebuyers that are now seeking to purchase homes are finding storm damages which could delay or completely stop their financing.
I want to share one specific program for homebuyers (or homeowners) to consider that can help provide the funds needed to repair and rebuild so we can all get back on our feet, and it’s the Fannie Mae HomeStyle Renovation Loan.
This renovation loan is the perfect mortgage program for qualified homeowners or homebuyers seeking to purchase a primary, secondary or investment home that needs restoration or remodeling, which is almost always the case especially after the month we just went through.
There are no restrictions on the type of repairs or improvements, except that they must be permanently affixed to the property and add to the value of the property. And if that next home is missing a pool, this is the program that allows a buyer to finance the pool into the mortgage.
SPACE COAST DAILY TV: Bobby Freeman, host of the Space Coast Daily Real Estate Show, talks with Embrace Home Loans’ Sales Manager Stephen Thaggard. Embrace Home Loans has opened a new Viera location and held a Grand Opening and Ribbon Cutting last May.
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Keep in mind the HomeStyle Renovation program is only one of a few programs that are available to rehab your next or current home, and first mortgage loans typically offer lower interest rates than home equity or other types of repair financing. This a great way to turn a home that needs work into a home you’ll love.
Down payments and loan terms vary for different borrowers and projects. If you’re interested in a HomeStyle Renovation loan, Embrace Home Loans can provide you with assistance every step of the way.
Contact our Viera office today at 321-821-1000, extension 3560 with questions or visit my website Embracehomeloans.com/Stephen-Thaggard
ABOUT THE AUTHOR
Stephen Thaggard is the Sales Manager of Embrace Home Loans in the Viera, Florida office. He has worked in the mortgage industry for the last 21 years and focuses on assisting builders, Realtors and home buyers with Florida mortgage options and solutions. Thaggard, a member of the Embrace Home Loan President’s Club since 2014, is also a member of FAMP – Florida Association of Mortgage Professionals and MBA – Mortgage Bankers Association.
ABOVE MAP: Embrace Home Loans’ new location at at 5500 Murrell Road, Suite 201, in Viera will hold a Grand Opening and Ribbon Cutting on Thursday, from 5 p.m. to 8 p.m.
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