Renovation Loans

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FHA 203(k) Loans

If you’ve been avoiding purchasing a home because you don’t have the cash for upgrades or renovation repairs, the Federal Housing Administration (FHA) has a renovation loan program just for you. It’s called an FHA 203(k) loan and it has two options depending on the extent of your renovations. 

Fannie Mae's HomeStyle® Loan

One of the best-known loans for home improvements, Fannie Mae’s HomeStyle Renovation loan, allows borrowers to either buy a place that needs repairs or refinance their existing home loan to pay for improvements.

 

Fannie Mae now allows you to borrow up to 97 percent of the combined purchase price and estimated renovation costs. 


Not all borrowers, though, are eligible for this 3 percent down payment. Under Fannie's rules, you must be buying and renovating a primary residence, not a vacation home which requires 10% down-payment or rental which requires 15% down-payment. You also can't buy or refinance a multi-unit property. 

Conventional Home Loans

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Conventional Home Loans

Conventional loans are the most common and widely available mortgage option. For borrowers with good credit, balanced income, debt and some down payment, they are often the least complicated way to get the most flexible mortgage options


  • Fixed Rate for the life of the loan
  • 10, 15, 20 and 30 year terms
  • Loan Amounts up to $484,350
  • Can Finance Primary Second Homes and Investment Properties
  • Low Down Payment Options Available for Qualified Borrowers
  • Available for Purchase and Refinance Transactions


FHA Home Loans

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FHA Home Loans

FHA Loans are insured by the Federal Housing Administration (FHA), a branch of the U.S. Department of Housing and Urban Development, or Hub. FHA is often the best option for people who need a little extra flexibility when qualifying for a new home mortgage. You do NOT need to be a first time buyer - anyone who is buying a new home to use as their Primary Residence, or second home is eligible.


  • For Primary Residence
  • A minimum of 3.5% down payment required – May be a gift!
  • Seller can contribute up to 6% of borrower’s closing costs
  • Flexible Mortgage Guidelines
  • Available for Purchase and Refinance Transactions

VA Home Loans

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VA Home Loans

The Department of Veterans Affairs (VA) offers financing on primary residences for Veterans. The VA determines eligibility and issues a certificate to qualifying applicants to submit to their mortgage lender of choice. It is generally easier to qualify for a VA loan than conventional loans.

Must be a Veteran, Active Duty Military, or member of the Reserves.


  • Up to 100% Financing – No Down Payment
  • No Monthly Mortgage Insurance
  • Closing Costs May Be a Gift
  • Available for Purchase and Refinance Transaction

USDA Home Loans

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USDA Home Loans

The US Department of Agriculture USDA provides low down payment options to qualified borrowers, at very low interest rates, and with very low mortgage insurance premiums. If you are buying a home in an Rural Development -eligible area, and meet the program requirements, this loan is perfect for you.


  • For Primary Residence
  • 100% Financing Available
  • 10, 15, 20 and 30 year terms
  • House must be in a Rural Development-eligible area.

JUMBO Home Loans

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JUMBO Home Loans

Jumbo Loans exceed the maximum loan amounts established by conventional loan limits, currently $484,350. A Jumbo Loan is right for you if you are looking to buy a high priced or luxury home.


  • Financing above Conforming Loan Limits of $453,100.
  • Convenience of One Loan versus having Multiple Mortgages
  • Fixed and Adjustable Rate Mortgage Options

Foreign National Home Loans

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Foreign National Home Loans

We are a Foreign National lending  specializing in financing for new Condominiums, Domestic and Foreign Nationals Investors' Residential and Commercial properties.


Currently lending to people from over 40 other countries.

*Maximum LTV is 75%.

* 50% - Venezuela, 60% - Brazil, 65% - 75% All Others