It is so satisfying to see homes being renovated and updated with the FHA 203k and FannieMae HomeStyle loan programs. There is a place for each of them. Since they both have similar maximum loan amounts we can work in most areas now.
I'm working on one old Victoria... a "painted lady" as one author once called them. They were magnificent when they were built but because they were much more common then I think they may have been ignored somewhat. Today they are coming back as these neighborhoods are revitalized and now they really stand out...

I love these old homes when they get fixed up.... Either one of these programs can provide the purchase money and the renovation money to get these properties back into wonderful condition. Try your hand at it...
I'm anxious to see a prospective home next week for a feasibility analysis that is 4,800 SF... can you imagine the possibilities with this one?
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