Renovation Loans

• There are two types of renovation loans to include the FHA 203K Loan and the Fannie Mae HomeStyle Loan.  Both loan programs allow borrowers to finance the renovation funds into their mortgage based on the "After Renovated Value".   Simply put, you can bring your vision to life on your current home or on a property that you are purchasing.   You can borrower up to 95% of the "After Renovated Value" for the Fannie Mae HomeStyle and up to 96.5% for the FHA 203K.  Projects can include almost any upgrade on an existing home, even in-ground swimming pools!

 

• Contact your loan officer to explore your specific renovation loan options!