Hill Mortgage is your partner for renovation loans. We offer 3 types of renovation loans to help cover any size renovation project:
- FHA 203(k) Limited Renovation Loan.
- FHA 203(k) Standard Renovation Loan.
- HomeStyle® Renovation Program by Fannie Mae.
Borrowers interested in buying a home that needs renovation can benefit from these loan programs. In fact, our renovation loan programs can finance both your home and the repairs that are needed in order to transform it to your dream home. The benefits include:
- Funds for both the home and the needed repairs.
- A minimum credit score of 620.
- Low down payment options.
- A maximum of $35k for minor repairs in some programs.
- The repair costs can reach up to 50% of the as-completed value.