THE PERFECT “FIX” FOR HOME RENOVATION FINANCING
Don’t be afraid if the home of your dreams is a bit of a nightmare. You can get the financing you need to buy or refinance and renovate all in one loan.
EXPAND YOUR HOME SEARCH OPPORTUNITY
In a hot market, move-in ready homes often sell quickly and for more than asking price. A renovation loan can open up the market for you by allowing you to look at a wider range of properties, knowing you can make all repairs after closing on your loan.
RENOVATE YOUR CURRENT HOME
A new kitchen, additional bedrooms or bathrooms, energy efficient improvements, or any other improvements are all possible with a renovation loan which refinances your mortgage and rolls all home improvements into one loan.
SEE YOUR HOME EQUITY INCREASE
Anyone looking to buy with an FHA loan should consider the 203(k) loan. With the right improvements, you could greatly increase the value of your home to have enough equity to refinance in the future into a loan with no mortgage insurance.