Renovation Loan

Can’t find your Dream Home? Create It!

When researching and touring potential homes, you may come across properties that aren’t quite what you’re looking for but have noticed the potential. With a little TLC and the right financing, you could be much closer to your dream home than you thought. Make note of the necessary repairs or renovations needed and then talk to your lender. With a renovation loan, you can combine the cost of financing or refinancing a home along with repairs into one consolidated loan. Think ahead and save both time and money!

Homestyle Renovation Loan

Homestyle renovation loans can be used to cover various costs on a primary residence, a second home, or an investment property. These costs can include a number of repairs, plans to remodel, needed renovations, or installing energy-efficient improvements. All repairs and renovations must:

• Be permanently affixed to the real property
• Add value to the property
• Be completed by a licensed contractor

*Limited 203(K) and Standard 203(K) rehabilitation mortgage options are also available. Please contact our team for more information.

If you are interested in any variation of the renovation loan, please contact our mortgage professionals today. We would be happy to assess your needs and help find the right loan program for you. Remember, you don’t always need to find your perfect dream home. Sometimes, all you need is the right funding to create it yourself!