Valyceum Estates
| Office: 585-777-4116 | Fax: 585-777-4108 250 Mill Street, Suite 500 Rochester, NY 14614 contact@valyceum.com privacy |
| Financing |
It's no secret: financing is what prevents most people from buying a home.
With Valyceum Estates - the Renewable Realty, we'll show you how to secure the financing for a larger
home that is less expensive to own and run. Basically, we link you up with lenders who use two types of
loan products:
Federal Housing Administration (FHA) Energy Efficient Mortgages
The FHA Energy Efficient Mortgage (EEM) covers upgrades for new and existing homes and is now
available in all 50 states. Key features include:
203(k) FHA Home Rehabilitation Loans
The FHA 203(k) program enables a home buyer or investor to obtain a single loan to finance bothproperty acquisition and complete major improvements after the time of loan closing. This loan can be
used in conjunction with the FHA EEM. Key features include:
With Valyceum Estates - the Renewable Realty, we'll show you how to secure the financing for a larger
home that is less expensive to own and run. Basically, we link you up with lenders who use two types of
loan products:
Federal Housing Administration (FHA) Energy Efficient Mortgages
The FHA Energy Efficient Mortgage (EEM) covers upgrades for new and existing homes and is now
available in all 50 states. Key features include:
 | Loan limits may be exceeded | |
| No re-qualifying | |
| No additional down payment | |
| No new appraisal | |
| $4,000 or 5% of the property value (up to $8,000) may be financed |
203(k) FHA Home Rehabilitation Loans
The FHA 203(k) program enables a home buyer or investor to obtain a single loan to finance both
used in conjunction with the FHA EEM. Key features include:
| Loan limits may be exceeded | |
| Total cost of improvements must exceed $5,000 | |
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| the Renewable Realty |