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Jeff Onofrio, Real Estate Pro in Marlton, NJ
It’s important for the first time home buyer to know what the expenses are when they are buying a home.  Many first time buyers get stuck on what the down payment and closing costs are, but… Read more
Blogged Thu Mar 22, 2012 by Jeff Onofrio Home Buying Financing Remodel & Renovate
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Jeff Onofrio, Real Estate Pro in Marlton, NJ
FHA 203k Work Writeup - Specification of Repairs (SOR)It is imperative for the customer, Realtor and general contractor to understand the importance of the Specification of Repairs.  Unlike the bid… Read more
Blogged Sun Feb 19, 2012 by Jeff Onofrio Home Buying Financing Remodel & Renovate
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Jeff Onofrio, Real Estate Pro in Marlton, NJ
Knowledge & Experience Needed!How come more Realtors and customers don't use FHA 203k loans?  It’s a great question!The answer really lies in the fact that most lenders (in house mortgage… Read more
Blogged Tue Feb 14, 2012 by Jeff Onofrio Home Buying Financing Remodel & Renovate
Jeff Onofrio, Real Estate Pro in Marlton, NJ
We get A LOT questions that come in all the time and we try to answer as many of them as we can in blog posts so future customers will be able to see these posts and potentially have… Read more
Blogged Sun Feb 5, 2012 by Jeff Onofrio Financing Remodel & Renovate
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Jeff Onofrio, Real Estate Pro in Marlton, NJ
Another Great Use!Buying and rehabbing a multi-family unit property can be done using the FHA 203k loan.  I’ve done a few of these loans and they are absolutely great!  I’m currently… Read more
Blogged Wed Jan 18, 2012 by Jeff Onofrio Home Buying Financing Remodel & Renovate
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Jeff Onofrio, Real Estate Pro in Marlton, NJ
What's The Contingency Reserve?The Contingency Reserve is something that needs to be addressed because it's an extremely important part of the FHA 203k loan.  The Contingency Reserve is there… Read more
Blogged Sun Jan 8, 2012 by Jeff Onofrio Home Buying Financing Remodel & Renovate
Jeff Onofrio, Real Estate Pro in Marlton, NJ
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… Read more
Blogged Sat Dec 31, 2011 by Jeff Onofrio Home Buying Financing Remodel & Renovate
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Jeff Onofrio, Real Estate Pro in Marlton, NJ
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… Read more
Blogged Sat Dec 24, 2011 by Jeff Onofrio Home Buying Financing Remodel & Renovate
Jeff Onofrio, Real Estate Pro in Marlton, NJ
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!… Read more
Blogged Mon Dec 19, 2011 by Jeff Onofrio Home Buying Financing Remodel & Renovate
Jeff Onofrio, Real Estate Pro in Marlton, NJ
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 in one-way or another.… Read more
Blogged Mon Dec 19, 2011 by Jeff Onofrio Financing
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Jeff Onofrio, Real Estate Pro in Marlton, NJ
I have been receiving a high number of phone calls asking questions regarding the FHA 203k rehab loan program.  So I figured what a better way to start of the New Year by creating a series based… Read more
Blogged Tue Jun 15, 2010 by Jeff Onofrio Financing
Jeff Onofrio, Real Estate Pro in Marlton, NJ
One of the hardest parts of getting a FHA 203K loan is locating a lender who is knowledgeable and who understands what it takes to get your loan done.  What I have found from doing these loans is that… Read more
Blogged Mon Jun 14, 2010 by Jeff Onofrio Financing
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