Secure Your Dream Home with a Renovation Loan
Are you looking to make repairs or updates to your home, or perhaps purchase a property that needs a little TLC? Our renovation loan options, which conveniently combine a home purchase loan with a rehab loan, offer a seamless solution for both homeowners and buyers. Discover how you can transform a fixer-upper into your dream home — scroll down to learn more or APPLY TODAY.
Secure Your Dream Home with a Renovation Loan
Are you looking to make repairs or updates to your home, or perhaps purchase a property that needs a little TLC? Our renovation loan options, which conveniently combine a home purchase loan with a rehab loan, offer a seamless solution for both homeowners and buyers. Discover how you can transform a fixer-upper into your dream home — scroll down to learn more or APPLY TODAY.
How Renovation and Rehab Loans Transform Your Home Purchase or Remodel
For Homeowners
If you already own your home, a renovation loan can simplify your finances by consolidating your existing mortgage with additional funds for home improvements. This means you can manage just one loan and one payment while funding your home’s renovation.
For Home Buyers
For those looking to buy, a renovation loan integrates the purchase price with a budget for necessary repairs and upgrades. This dual-purpose loan is tailored to meet your specific needs, ensuring you can buy and renovate with ease.
Explore Our Diverse Rehab Loan Options
Jumbo Rehab Loan
Ideal for large-scale projects, our Jumbo Rehab Loans cover non-structural remodeling such as updating kitchens, bathrooms, and adding luxury amenities like pools. These loans are capped at 30% of the home’s projected post-renovation value, focusing on aesthetic and functional upgrades rather than foundational repairs.
Fannie Mae’s HomeStyle Loan
A versatile option for both purchasers and current homeowners, the HomeStyle loan by Fannie Mae wraps the cost of home repairs into your mortgage. This integrated loan simplifies the financing process, allowing you to focus on turning your house into the perfect home with just one manageable payment.
Fannie Mae’s HomeStyle Loan
A versatile option for both purchasers and current homeowners, the HomeStyle loan by Fannie Mae wraps the cost of home repairs into your mortgage. This integrated loan simplifies the financing process, allowing you to focus on turning your house into the perfect home with just one manageable payment.
FHA 203(k) Loans
Supported by the Federal Housing Authority, FHA 203(k) loans are accessible to a broader range of applicants, often requiring lower credit scores and down payments. This makes it an excellent choice for those who might find traditional financing options less attainable.
VA Renovation Loans
Backed by the VA, this loan allows for a qualifying Veteran to purchase the home and get the funding to do repairs or renovations on the home as well, all with no down payment required.
VA Renovation Loans
Backed by the VA, this loan allows for a qualifying Veteran to purchase the home and get the funding to do repairs or renovations on the home as well, all with no down payment required.
A Private Home Renovation Loan
Private rehab loans can take the form of a home equity loan or a Home Equity Line of Credit (HELOC). These are based on the equity you’ve built in your home, providing a flexible source of funds for your renovation projects.
Cash-Out Refinance
This method allows you to refinance your existing mortgage for more than you owe and take the difference in cash. It’s an effective way to access larger amounts for significant renovations.
Cash-Out Refinance
This method allows you to refinance your existing mortgage for more than you owe and take the difference in cash. It’s an effective way to access larger amounts for significant renovations.
Choosing the Right Renovation Loan for You
Determining the best renovation or rehab loan for your needs might seem daunting, but you don’t have to navigate it alone. At Strategic Mortgage Solutions, we specialize in guiding our clients through the selection and application process, ensuring you find the perfect loan to meet your renovation goals. APPLY TODAY to get started with a consultation and bring your vision to life!
