In this feature story by Michael L. Diamond, the Asbury Park Press gives a brief overview of the 203(k) loan program, it's advantages, and whom it may most benefit. 

AnnieMac Home Mortgage's Director of Renovation Lending, Jeff Onofrio, also gets a mention! Check it out below:

Click here to read the full article.

lick here for more information about a 203(k) renovation loan

Published March 5, 2013

Originally Posted:

By Peg Quann

EVESHAM — With five daughters between them, newly married John and Alanna Boberick knew they needed more bedroom space for their blended family.

They didn’t want to move from her Kings Grant rancher with its neighborhood amenities. “We liked the area, the schools. We decided to look into building up,” Boberick said.

They wanted to add an entire second floor, but a loan based on the equity in their rancher wouldn’t cover the costs.

That’s when they heard of an innovative financing solution that allowed them to borrow against the future equity in their expanded house.

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