A 20% down payment and no debt delinquency for the last two years would be required to reach the mortgage industry's proposed gold standard. More
For remodeling companies that offer financing, a great credit score trumps all for clients getting loans, making it tough to move ahead with projects. More
Lower property values coupled with restrictive lending practices is leaving more remodelers with the bulk of their sales coming from customers who can self-finance. More
Local weatherization programs gear up to help homeowners finance energy-efficient upgrades. More
Local weatherization programs gear up to help homeowners finance energy-efficient upgrades. More
Securing financing is getting more personal in the wake of the credit crunch. Remodelers are finding they may need to dig deeper within clients' finances and with their own lending partners. More
Remodelers, realtors, and lenders take a new look at renovation loans as banks offload foreclosures and homeowners scramble for renovation funds. More
Growth in FHA 203(k) renovation loan program points to new potential growth outlet for remodelers, though on a smaller scale. More
The ARRA is encouraging more banks to participate in quick-turnaround SBA lending programs, but many banks still aren't biting. More
