Renovation loans can cover a wide range of projects around the home, from simple repairs and updates to complete remodels or additions. These loans are available to both purchase and renovate a home as well as for refinancing. The loan amount for a renovation loan is based on the “as-completed” value of the home rather than the present value. This factor increases how much homeowners can borrow for their renovation project.
- CONV :: FNMA HomeStyle Renovation
- CONV :: FHLMC CHOICERenovation
- CONV :: FHLMC CHOICEReno eXPress
- FHA :: 203(k) Renovation
- FHA :: 203(k) Limited Renovation
- FHA Repair Escrow
- VA :: Renovation
- USDA :: Renovation
- USDA Repair Escrow
Renovation begins after closing