UNLOCK THE HIDDEN POTENTIAL OF YOUR HOME RENOVATION PROJECT
A Renovation to Permanent loan provides financing to both renovate a home and obtain a permanent mortgage and combines them into one transaction. And unlike a home equity line of credit based on existing equity, the appraisal is based on the subject to completion value, giving you more borrowing power.
Lock in the rate upfront with the certainty of knowing you could get a no cost rate reduction if rates improve during the renovation phase.
In most cases, you only have to provide qualification documentation once. Subject to terms and conditions.
A variety of mortgage options and loan terms.
Save time and money with one closing and one set of closing costs.
WHAT QUALIFIES AS A RENOVATION?
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General remodeling and home improvement
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Modernize and update
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Energy and technology updates
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Room addition and attic/basement build-out to expand the living space
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Outdoor living, including pool/spa, outdoor kitchen, patios/decks, and landscaping.
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Complete deferred maintenance
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Historical preservation
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Any permanent improvement that adds value
Remodel your existing home. Purchase and remodel a home. Get started today by submitting your online pre-qualification or finding a local home expert in your area to learn more.
