I’m Dan, a Loan Officer and General Contractor. Renovation Loans help you compete with the cash buyer because you can do the renovation AFTER close of escrow. Regular loans require the property to be “livable” BEFORE close of escrow, meaning that all systems and components have to work. Smart sellers will take your offer instead of a low-ball cash offer. Renovation loans are also available for refinances. In addition to being a master of real estate finance, I also own a small custom home building/renovation firm, so I can loan you the money AND do the renovation #turnkey If you are looking for a unique product, check out Stonecoat at danthestoneman.com
Primary Residence FHA 203k. Maximum loan amount $362,250. Maximum purchase price is $375,000 with 3.5% down. More down payment gets you a higher purchase price) 620 minimum credit score. Loan amounts are much higher in many CA counties. Ask me!
Primary Residence Fannie Mae HomeStyle Renovation –Maximum loan amount $625,000. 620 minimum credit score. Loan amounts are much higher in many CA counties. Ask me!
Rental (Investment) Properties Fannie Mae HomeStyle Renovation (Maximum loan amount $625,000. Purchase price can be higher)
Borrowers can perform some of the renovation work themselves at the lender’s discretion, provided that:
A few years ago, I built my own house from the ground up without a contractor. If you use me for your Renovation Loan, you get my free advice even after the loan closes. Plus, I’m known and respected by many listing agents, so my name on the Pre-Approval letter carries some weight.
If you are interested in seeing how I built my house you can watch Dan Builds a House.
Senior Loan Officer
All Western Mortgage
(established in 1981)
“Dan The Loan Man”
702-326-7469 talk/text every day
Dan’s Licensing: NV MLD 45649, CA-DBO313289, CO-100516554 NMLS 313289
All Western Mortgage, 8345 W Sunset Rd Ste 380. Las Vegas, NV 89113
702-326-7469- TALK OR TEXT | | 702.369.0905 – Switchboard (Ask for Dan)
Company NMLS# 14210, NV Division of Mortgage Lending Lic# 204, CA Dept of Corporations Lic# 603F053, CA Dept of Real Estate Lic# 01893025, CO Division of Real Estate.