Brandon gives insight into types of grants and financial assistance programs offered at Amerifirst, like the PowerSaver Grant ($1,000) and the Buyer Grant ($500). Give us a call to learn more: 330-565-9013
*Not all borrowers will qualify. Contact us for more information on fees and terms.
Brandon gives an update on the turnaround times that our team is seeing for Conventional, FHA, and VA loans.
*Not all borrowers will qualify. Contact us for more information on fees and terms.
Currently there are no credit overlays on FHA, VA, or USDA loans with Amerifirst. Learn more here:
*Not all borrowers will qualify. Contact us for more information on fees and terms.
Using the FHA 203k Home Renovation Loan, this buyer in North Benton, Ohio was able to completely renovate the home’s basement, bathrooms, kitchen, garage, AND add in a new deck. They purchased the house for $115,000 and had a budget of $85,000 in renovations. The home recently appraised at $232,500 – giving the buyers $32,500 in equity!
*Not intended as real estate, accounting or investment advice. Contact your financial representative for more information.
Using the FHA 203k Home Renovation Loan, this buyer in Canfield, Ohio was able to completely renovate the home’s bedrooms, kitchen, bathrooms, laundry room, and other rooms in the home. They purchased the house for $177,550, and it recently sold for $269,000 – a difference of $91,450!
*Not intended as real estate, accounting or investment advice. Contact your financial representative for more information.
Using the FHA 203k Home Renovation Loan, this buyer in Canfield, Ohio was able to completely renovate the home’s exterior, kitchen, laundry room, bathroom, and other rooms in the home. They purchased the house for $155,000 and had a renovation budget of $49,700 for a total cost of $204,700. The county has the property currently assessed for $254,770, which is a difference of $50,070!
*Not intended as real estate, accounting or investment advice. Contact your financial representative for more information.
Using the FHA 203k Home Renovation Loan, this buyer in Boardman, Ohio was able to completely renovate the exterior of the home, the kitchen, the bathroom, and other rooms in the home, for a total cost (cost of home plus renovations) of $72,000.
*Not intended as real estate, accounting or investment advice. Contact your financial representative for more information.
Using the FHA 203k Home Renovation Loan, this buyer in North Jackson, Ohio was able to completely renovate the kitchen and other rooms in the home, as well as immediately build over $30,000 in home equity.
*Not intended as real estate, accounting or investment advice. Contact your financial representative for more information.
You’ve been looking at homes for months…cape cods, ranches, two stories, bi-levels, so many options. You’ve managed to find something in each house that you just haven’t liked, but you’re also quickly learning what things you do like. At this point, you almost wish you could just build your dream home yourself. There’s so much land for sale in your area. In fact, one of the plots even happens to be within walking distance of your favorite park. I know Sparky would enjoy that.
So you think to yourselves, “But is building a home really for us?” “It seems like a lot of work.” “Can we afford it?” “How do we feel about having two monthly payments? One for the land and the other for the house?” “It all just seems a little out of our league.”
But then you stumble upon the USDA New Construction Loan on the AmeriFirst website and everything becomes a lot more simplistic. A one-time close loan with a down payment as low as 0% Convert to a 30-year traditional mortgage once the work is complete? Check and check.
“Ok we’re sold.” “But what’s the next step?” After you have a pre-approval strategy meeting and you have the land picked out, it’s time to work with a builder and start designing your dream home. With this loan, there is only one closing meeting, so you are able to close on the land and the construction in the same loan, at the same time. This eliminates worries of another loan qualification and eliminates concerns over a new appraisal or dual fees associated with a second loan.
Construction can begin as soon as the loan closes. You have 9 months to finish construction of your home, and then a lifetime to enjoy it! Sound too good to be true? Learn about building your family’s dream home today with the USDA New Construction Loan and AmeriFirst Home Mortgage! Ask us how!
*Not intended as real estate, accounting or investment advice. Contact your financial representative for more information.
