Renovation Loan Menu

• Renovation Loan Menu

203k Renovation Loans

• 203k Basics
• Streamline 203k
• Step-by-Step Process
• 203k Advantages
• 203k Q&A

EEM Loans

• Energy Efficient Mortgage

Home-Path Mortgages

• Facts on HomePath

Investor Loans

• Investor loans

Renovation Calculator

• 203k Calculation
• Monthly Payment Calculator
• Calculators

Info-Corner

• Home Tips
• Apply Now

HUD Consultants

• Specifications of Repair
• Bid on Repairs
• Consultant Fees

HUD Resources

• Housing & Urban Development

Marketplace Links

• Home Market Place

Company Info

• Contact Us
• About Us
• Tell-A-Friend
• Privacy Policy

FHA 203k Streamline Renovation Loan

• Owner Occupant Only, Purchase or Refinance
• Single family, 1-2 units & condo
• Down Payment 3.5%
• Renovation Budget limit to $35k
• Cosmetic Improvements Allowed (No structural repairs)

FHA 203k Full Renovation Loan

• Owner Occupant Only, Purchase or Refinance
• 1-2 Units, condo & mixed use properties
• Down Payment 3.5%
• Renovation Cost No Limit based on subject-to-value
• Finance mortgage payments up to 6-months during construction

FHA 203k + EEM Renovation/Energy Efficient Loan

• Owner Occupant Only, Purchase or refinance
• Down Payment 3.5% (not on energy efficient items)
• One Mortgage & One-time closing
• Cost-effective energy-saving measures may be financed
• Stretch debt-to-income qualifying ratios with EEM
• Make an older, less efficient home more comfortable and affordable
• Reduce Utility Cost & install Solar

FHA & Conventional Repair Escrow Loan

• FHA or Conventional loan does not pass the appraisal. We can Help!
• Need a stove, a handrail, or a little paint here & there to pass appraisal
• Improvement Cost up to $5,000 allowed
• Complete repairs after closing
• Meet appraisal repair requirements after closing deal
• Save time and Money with out switching loan programs  

Home-Path Renovation Loan

• Owner Occupant, Investor & 2^nd Homes
• Down Payment 3% down
• Investor Down Payment 10%
• Only with Fannie Mae REO Properties
• No Mortgage Insurance
• Renovation Cost up to $35k or 35% of “subject-to” appraisal Value

Home Path Loan

• Owner Occupant, Investors & 2^nd Homes
• Only 3% down payment & Investor 10%
• No mortgage insurance & No appraisal
• Only with Fannie Mae REO Properties

Conventional Renovation Loan

• Owner Occupant, Investors, & 2^nd Homes
• 1-2 Units & condo
• Down Payment 5% - 25%
• One Mortgage includes Improvements