More than 200 real estate agents attended a Sept. 9 seminar to learn how renovation loans can grow a real estate business.
The football-themed event was offered by HomeBridge Financial Services’ Jamie Zeitz Team and took place at the University of North Florida.
Zeitz said his team closes more than 100 renovation loans per year using FHA 203(k), Fannie Mae Homestyle, HUD $100 Down and HomeBridge HomeFixer loans.
More than 80 percent of U.S. homes are 20 years old or older and one-in-395 homes in Northeast Florida are still in some stage of foreclosure, he said.
A renovation loan allows a buyer to repair or update an older home, or to personalize a home with swimming pools, summer kitchens and docks.