Florida presents one of the BEST foreclosure renovation opportunities in the USA. With dramatic price drops, large numbers of foreclosures and home affordability levels at all time highs, Florida is opportunity waiting to happen.

Whether your are looking to purchase and renovate a second / vacation home or a primary residence now is the time to act. FHA 203K is perfect for your primary residence purchase and Fannie Mae HomePath and HomeStyle are available for investors and vacation home buyers.

You can’t talk about Florida without discussing condo’s. Condo’s present a unique set of challenges for the current mortgage market. With foreclosures at all time highs, HOA delinquency rates are soaring as well. FHA and Fannie Mae have strict HOA delinquency guidelines, but for Fannie Mae HomePath properties many of those guidelines are waived. This makes HomePath Renovation a fantastic option for snowbirders and vacation home buyers looking to purchase and update a vacation / second home condo or single family residence.

For locals looking to take advantage of the foreclosure market, FHA 203K is here to help you purchase and renovate all in one loan. Single family residences only though, sorry condo seekers.

FHA 203K loans are versatile and perfect for today’s foreclosure driven real estate market. In the hands of an inexperienced loan officer they can be a frustrating process, but with an experienced loan officer and lender the process will not be much different than obtaining traditional financing. The one big difference is many people who use the FHA 203K program are not only rewarded with a freshly renovated house, but with instant equity as well!

Want to know which RENOVATION LOAN is right for you? Contact US!

Markets Served: Jacksonville | Orlando | Miami | Tallahassee | Tampa | St. Pete | Central Florida | Florida Panhandle