Lee Smith Fairway Home Mortgage.

09/16/2026

2027 Conforming Loan Limit $845,000 for a 1 unit property

07/22/2026

One of the biggest misconceptions about renovation loans is that they're difficult.

In reality, the loan isn't usually the challenge—the communication is.

Unlike a traditional mortgage, a renovation loan requires coordination between the buyer, Realtor, contractor, appraiser, underwriter, title company, and sometimes a HUD Consultant. When everyone is informed and working together, the process runs smoothly. When communication breaks down, delays and frustration often follow.

That's why experience matters.

After more than 27 years in renovation lending and construction management, and providing project oversight on residential renovation projects, I've learned that my role goes far beyond originating a loan.

It's about:
✔️ Setting clear expectations from the beginning.
✔️ Keeping every party informed throughout the transaction.
✔️ Identifying potential issues before they become problems.
✔️ Helping Realtors and buyers navigate the renovation process with confidence.

The renovation loan program is important.

But the person managing the process is just as important.

If you're a Realtor working with buyers who are considering a home that needs updating, let's connect. With the right communication and guidance, many "challenging" transactions become successful closings.

07/15/2026

**💰 Worried about expensive home repairs? Your buyers don't have to be.**

One of the biggest reasons buyers walk away from a home is the fear of costly repairs like:

✅ HVAC replacement
✅ New roof
✅ Windows
✅ Septic or well repairs
✅ Foundation issues
✅ Kitchen updates

Here's what many buyers—and even some agents—don't realize:

**These improvements may be able to be financed as part of the mortgage with a renovation loan.**

Instead of asking buyers to come up with thousands of dollars after closing, they can finance eligible repairs and renovations into one mortgage, preserving their savings while purchasing a home with great potential.

**For Realtors, this means:**
🏡 More homes your buyers can consider
🤝 Fewer deals lost over repair concerns
📈 Greater negotiating flexibility on properties that need work
🔑 More opportunities to get buyers to the closing table

Don't let a roof or HVAC replacement stop your next transaction. Sometimes the right financing solution is all it takes to turn a "no" into a successful closing.

If you have a listing with repair issues—or a buyer who loves a home but is worried about the cost of updates—let's talk. I'd be happy to show you how renovation financing can help make the deal work.

06/25/2026

🏡 Thinking about buying a home this summer but worried about expensive repairs?

With Freddie Mac's CHOICEReno eXPress®, qualified buyers may be able to finance eligible home improvements and repairs right into their mortgage at the time of purchase.

Need a new HVAC system before the next heat wave? ☀️❄️
Replace an aging roof? 🏠
Update flooring, paint, or other deferred maintenance items? 🔨

Instead of paying thousands of dollars out of pocket after closing, CHOICEReno eXPress® can help finance many of those improvements through a single mortgage transaction.

✅ Purchase and renovate with one loan
✅ Finance eligible repairs and updates
✅ Reduce large upfront cash expenses
✅ Move into a home that better fits your needs

Don't let outdated systems or deferred maintenance keep you from considering an otherwise great home. Sometimes the right financing solution can turn a "not quite" home into the perfect one.

Message me to learn more about Freddie Mac CHOICEReno eXPress® and renovation financing options.

06/09/2026

🏚️ **Are Outdated Homes Hard to Sell?**

In today's market, many buyers scroll right past homes that need updating. Older kitchens, worn flooring, dated bathrooms, and deferred maintenance can make a property sit longer and receive fewer offers.

But that doesn't mean the home can't sell.

💡 **Renovation financing can help turn a challenge into an opportunity.**

Programs such as FHA 203(k), HomeStyle®, CHOICERenovation®, VA Renovation, and USDA Renovation loans allow qualified buyers to finance both the purchase and improvements into a single mortgage.

Instead of focusing on what the home is today, buyers can focus on what it can become.

Benefits include:
✔️ Expanding the pool of potential buyers
✔️ Helping buyers customize the home to their needs
✔️ Financing renovations with the mortgage instead of paying cash after closing
✔️ Creating potential equity through strategic improvements

If you have a listing that's outdated, needs repairs, or is being marketed "As-Is," renovation financing may provide another path to attract qualified buyers.

05/29/2026

05/29/2026

💰 One of the Biggest Advantages of a Renovation Loan? Equity.

Most buyers assume they need to purchase a move-in-ready home and hope it appreciates over time.

But what if you could create equity from the start?

With a renovation loan, the loan amount is based on the home's projected value after the improvements are completed—not just the current condition of the property.

For example:

🏠 Purchase Price: $300,000
🔨 Renovations: $50,000
📈 After-Improved Value: $400,000

Instead of paying $400,000 for someone else's upgrades, you can buy the home for $300,000, customize it to your needs, and potentially create significant equity through the renovation process.

Benefits include:
✅ More affordable purchase prices
✅ Less competition from other buyers
✅ Ability to customize the home
✅ Potential for stronger equity position
✅ Expanded housing options in low-inventory markets

The reality is that some of the best opportunities aren't the prettiest homes—they're the homes with untapped potential.

That's why renovation financing isn't just a loan product...it's a strategy.

05/28/2026

Some of the best real estate deals are the ones that almost fall apart.

Inspection issues.
Condition problems.
Outdated homes.
Financing denials.
“As-Is” properties buyers are afraid to touch.

This is where renovation financing can save difficult deals.

Instead of walking away from a property that needs work, buyers may be able to finance both the purchase and renovation costs into one loan. That can turn a “dead deal” into a successful closing.

Renovation loans can help:
✔ Homes with outdated kitchens, baths, or flooring
✔ Properties with repair issues discovered during inspections
✔ Homes that don’t qualify for traditional financing
✔ Buyers struggling to find move-in ready inventory
✔ Listings sitting on the market due to condition concerns
✔ “As-Is” properties needing vision and financing solutions

In today’s market, agents who understand renovation financing have another tool to help keep transactions together and create opportunities others miss.

Sometimes the solution isn’t finding another house… it’s finding the right financing strategy.

05/27/2026

Thinking about renovating your home? Some upgrades don’t just improve how your home looks — they can also provide strong ROI (Return on Investment).

Some of the top renovation projects for value in today’s market include:
✔️ Kitchens
✔️ Bathrooms
✔️ Flooring
✔️ Paint
✔️ Windows
✔️ Siding
✔️ HVAC updates

In many cases, buyers are willing to pay a premium for updated homes because they want move-in ready properties.

The challenge? Many homeowners and buyers don’t realize renovation costs can often be financed into the mortgage with renovation loan programs like FHA 203(k), HomeStyle®, VA Renovation, and USDA Renovation loans.

In today’s low inventory market, buying or improving a fixer-upper may be one of the smartest ways to build equity faster.

If you’re curious about renovation financing or wondering what projects make the most sense for ROI, feel free to reach out.