Jeff Onofrio- FHA 203K Renovation Mortgage Expert

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Real Estate Mortgage Broker - AnnieMac Home Mortgage
My blog is here to provide information regarding FHA and FHA 203K and conventional renovation loans for both purchase and refinance. Updates, tips and advice regarding these loans and the industry is what you will find on this blog!
RECENT BLOG POSTS
There’s a common misconception that contractors need to be certified in order to participate in FHA 203k loans.  This isn’t true!  There is NO actual official 203k training process that is certified or approved by HUD or FHA. We make sure you’re going with reputable contractors. The way we determ...
Posted over 2 years ago
What exactly is an FHA 203k mortgage? An FHA 203k mortgage is essentially a regular FHA mortgage.  However, it has a special component which is an escrow account that allows the customer to be able to purchase or refinance a property and rehabilitate or renovate that said property.  This little p...
Posted over 2 years ago
There’s some really big misconceptions regarding the FHA 203k mortgage, we’re going to talk about a few here. The first one is that the FHA 203k rehab mortgage is hard. It’s not! This isn’t rocket science guys, it’s really not that hard. The truth is the program really comes down to the people th...
Posted over 2 years ago
I got really excited one day when this new show came out called the “Property Brothers.” I swear when I watch the show I think that I may actually be related to these guys. I might be the third brother- the one that nobody knows about- the one that helps you to be able to finance the projects tha...
Posted over 2 years ago
If you have read any of my other blogs you will have seen that I write about all the interested parties in the FHA 203k process.  Today I want to highlight one of the most important and sometimes over looked parties.  That is the FHA 203k Consultant. In NJ, PA and DE I use Mike Grace (you can cli...
Posted over 2 years ago
I started reaching out to some FHA 203k consultants that I know and also to a few other FHA 203k lenders and I asked them all to please tell me what gives them the biggest headaches and what could I tell customers upfront that would help speed along FHA 203k mortgage transactions. Drum roll pleas...
Posted over 2 years ago
Its starting to sound like a bad Britney Spears song (sorry to all you Britney fans out there) but ...We Did It Again. We took a wonderful NJ couple and showed them the power of the FHA 203k mortgage program.  We showed the customer once again that by using this mortgage program that you can buy ...
Posted almost 3 years ago
Peyton Manning? Are you serious? Yep- I am. I am personally a Philadelphia Eagles fan but for the purposes of this blog and what I am going to be showing you during my next few blogs I need you to understand my point. Peyton Manning is the true general on the football field. There are others in ...
Posted almost 3 years ago
One of the best parts of FHA 203k mortgages is that over night your property can "Poof" have equity! Who would have thought that is possible in this real estate environment- not most people so let me explain in detail how this works. Current Home Specs and Estimated Value You own a home that is c...
Posted almost 3 years ago
I get questions all the time about the interest rates on FHA 203k rehab mortgages- everyone wants to know what the rates are- this isn't a simple answer.  FHA 203k loans are more expensive- both in regards to interest rates and loan fees.  Why you ask?  Simple- these loans are complicated, have a...
Posted about 3 years ago
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Jeff Onofrio

FHA 203k Lender
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My blog is here to provide information regarding FHA 203K loans and conventional renovation loans for both purchase and refinance. Updates, tips and advice regarding these loans and the industry is what you will find on this blog!