We offer renovation/remodel and construction loans (including one time close)
- Can finance construction of stick built, modular, and manufactured homes with no requalification and no reappraisal once completed.
- All in one financing option: lot purchase, construction, and permanent mortgage. By only closing on financing once, this significantly reduces your closing costs.
- Up to 100% loan to value for VA and USDA, 96.5% for FHA, 95% for conventional.
- No payments due during construction!
- Looking at buying a fixer but don't have the cash to do renovations? Include the cost in your financing (can be done for refinances as well).
- Landscape renovations, new kitchens, room additions, and major structural repairs are eligible.
- USDA can allow you to go up to 100% loan to value. If going with other programs, generally 97% LTV or less will be the options. Generally based on "after completed" value depending on loan product.