Renovation Loans
Honest, open, and expert guidance
What are Renovation Loans?
Renovation loans are a type of financing that allows you to buy or refinance a home and include the cost of improvements in the loan amount. These loans can help you turn a fixer-upper into your dream home, or make your current home more comfortable and functional.
Enjoy a great lending experience when you have a devoted Premier Lending Group loan expert help you understand the best options to meet your needs.
Benefits of Renovation Loans
You can buy or refinance a home that needs repairs or improvements
You can finance the cost of the renovations into the loan
You can finance the closing costs into the loan
You can save money, as you don’t have to pay for the renovations out of pocket
You can save money on rent or mortgage payments during the construction period, as you only pay interest on the funds drawn
You can increase the value and comfort of your home by making it more functional, attractive and energy-efficient
Can help you sell your home faster and for a higher price in the future
You can choose from a variety of loan options, depending on your needs, preferences and eligibility
Primary Residence, Second Homes and Investment Properties are allowed
Flexible income and credit requirements
Easy to use gifts for down payment and closing costs
1- to 4- unit properties allowed
Down Payment Assistance can be used for down-payment and closing costs
Fixed-rate and adjustable-rate terms
Get Started Today!
Fill out the questionnaire on this page to start a discussion about your mortgage needs today!
