by admin | Jun 15, 2016 | Renovation Loans
1-4 unit owner-occupied principal residence 1-unit second homes 1-unit investment properties
by admin | Jun 15, 2016 | Renovation Loans
5% minimum down payment requirement for primary purchases 1-unit investment properties and second homes allowed 15% minimum downpayment for investment properties 10% minimum downpayment for second homes Costs such as architectural services, engineering and permit fees...
by admin | Jun 15, 2016 | Renovation Loans
The HomeStyle Renovation Mortgage is a financing option that lets buyers purchase or refinance and include the cost of repairs or upgrades.
by admin | Jun 15, 2016 | Renovation Loans
The Limited loan is for small scale projects not requiring a consultant or project manager. The loan is for projects where the owner can immediately occupy the house upon closing. Once work is complete, the contractor is paid. Eligible and Ineligible Repairs with...
by admin | Jun 15, 2016 | Renovation Loans
The Consultant K program typically is used for large projects requiring a consultant and may have multiple phases or complexity. Eligible Ineligible Structural alterations and additions New tennis court Garage (attached/detached/new) Gazebo or bathhouse Remodel...
by admin | Jun 15, 2016 | Renovation Loans
1-4 unit properties Primary residence only Condos Mixed-use properties per FHA guidelines Modular homes There are two kinds of renovation loans – a limited loan, providing up to $35,000; and the consultant loan, with loan amount based upon the lower of the...
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