Stop dreaming about your perfect home—make it a reality with a renovation loan. Transform your space and create the home you've always envisioned.
There are a lot of misconceptions surrounding renovation loans, including:
Limited Options: There are several types of renovation loan products including VA, FHA, USDA, and Conventional loan types.
Perfect Credit Score Required: Not everyone needs perfect credit to qualify for a renovation loan; various factors are taken into account including the property's value and the renovation plan.
Limited Use: Renovation loans can be used for a wide range of improvements, not just essential repairs, including cosmetic upgrades and energy efficiency projects.
Complex Process: While there may be additional steps involved, most renovation loans are handled through a streamlined process.
Purchase Loans Only: Refinance options exist too, making it a great option for those who would rather upgrade their existing home.
High Cost: Most renovation loans will allow you to include the projected value of the renovations in the loan amount, helping to lower the upfront cost.
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