What is a Renovation Loan?
Renovation loans combine the purchase (or refinance) of a home with the funds to renovate it — all in a single mortgage. Programs like the FHA 203(k) and Fannie Mae HomeStyle let you finance the as-improved value of the property.
Key Features
- Purchase and renovation costs in one loan
- Based on the after-improved value
- FHA 203(k) and Conventional HomeStyle options
- Ideal for fixer-uppers and distressed properties
- Primary residence and investment property options
- Streamlined and standard renovation programs
Who Is This For?
Buyers purchasing a fixer-upper or homeowners wanting to renovate and roll the cost into their mortgage, avoiding a second loan.
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Talk to an Assurance Mortgage Partners loan officer about your Renovation Loan options today.
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