Join The Construction Lending Podcast as they Host Guest Speaker – Jennifer ‘The Reno Gal’ Goldsby As She Shares Renovation Realities
Join the Construction Lending Podcast for an insightful discussion with Jennifer ‘The Reno Gal’ Goldsby, VP of Renovation Lending at Diamond Residential Mortgage Company.
A Few Key Points Discussed in the Podcast:
Unpacking Vital Insights and Complexities
Renovation lending has become a vital tool for homebuyers looking to customize their living spaces and those wanting to breathe new life into dated properties. Jennifer “The Reno Gal” Goldsby, a seasoned expert in the mortgage industry with over two decades of experience, recently offered a wealth of knowledge on “The Construction Lending Podcast.”
Choosing the Right Renovation Loan Program
When it comes to renovation loan programs, Jennifer underlines the need to match the buyer’s profile and project requirements with the appropriate program.
The Importance of Valuation and Equity
As Jennifer explains, it’s crucial to consider the assessed value and available equity when delving into renovation loans, especially the FHA 203(k) loan.
Finding Quality Contractors
Borrowers without industry connections may find the search for reliable contractors daunting. Jennifer recommends tapping into various resources.
The Role of Communication in Selecting HUD Consultants
One of the cornerstones of successful renovation lending with 203(k)s is the HUD consultant selection process.
USDA Renovation Program: An Underutilized Gem
Jennifer spoke highly of the USDA renovation program, touting it as an excellent but underused option for first-time homebuyers.
The Critical Components for a Successful Renovation Loan Program
Jennifer highlights several crucial factors for lenders aiming to implement a successful renovation loan program.
