Jim Potts

Synergy One Lending

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All About The Renovation And Construction Loan Process

June 21, 2022 by Jim Potts

Are you thinking about getting a construction or renovation loan but aren’t sure what the process entails? In this video, I’m going to walk you through the steps it takes to get financing for one of these programs. We’ll look at everything from choosing your property to closing so you know exactly what to expect.

How To Qualify

Qualifying for a construction or renovation loan is much like a regular loan, though the process is a little different. The key to getting one of these loans approved is both the structure and the numbers. read more

Filed Under: Blog, Loan Tips Reno, Renovation vs Construction Loans

Using A Renovation Loan: A Case Study

June 13, 2022 by Jim Potts

How would you buy a property that needs a new roof and additional work if the seller is unwilling to fix it? In this video, I’m going to share the case study of a borrower that was trying to buy a house through the FHA program—but got denied because of the property condition. I’ll explain how our innovative solution was able to get the borrowers the home they really wanted.

An Appraisal Denied

Although the borrower wanted this house, it needed some work. Anytime you’re trying to do FHA financing, they’re a little pickier on the condition of the property. In this case, we had a leaky roof and flaky paint, and it wouldn’t pass the appraisal. read more

Filed Under: Blog, Home Buying Tips, Loan Tips Reno, Renovation vs Construction Loans

Investing in a New Home? 3 Reasons You Can’t Skip the Pest Inspection

December 17, 2019 by Jim Potts

Investing in a New Home? 3 Reasons You Can't Skip the Pest InspectionThere are so many small details involved in the final purchase of a home that it can be easy to lose track of the things that need to be done. While you won’t be able to forget about a home inspection, a pest inspection can be every bit as important before you sign on the dotted line. If you’re wondering why you shouldn’t forego this important step, consider the following information. read more

Filed Under: Blog

Jim Potts

Jim Potts


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Call (760) 337-8100
NMLS# 227144
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