Swimming Pools

Some rest and relaxation poolside is pretty hard to beat. Who knew you could add a pool to the home as part of a renovation?  We did – now pass the sunscreen.

CHECK OUT THE PROJECT TYPES PAGE
TO LEARN ABOUT ADDITIONAL WAYS YOU CAN
TURN THAT HOUSE INTO A HOME

RENOVATION LOAN COMPARISON

FHA 203(k): Limited
Single Family Home
(Primary Residence)
2-4 Unit Properties
(Primary Residence)
Condos
(Primary Residence)
Townhomes
(Primary Residence)
PUDs (Primary Residence)
REO's (Primary Residence)
X
X
 
"3.5% Minimum Down Payment
(Purchase)*"
"3.5% Minimum Down Payment
(Refinance)**
Home Equity Counts***"
"Allowed Gift Funds
(Down Payment & Cost)"
"Mortgage Amount Based on Lower of:
After Improvement Appraised Value, or
Sales Price + Renovation Cost"
Up to $35,000 Maximum Renovation Amount
 
"Allowable Renovations
Most Minor Renovations/Remodels
Way too many individual project types to list here, but most anything “non-major” in nature that adds value is ok."
Learn More About <br />FHA 203(k): Limited
FHA 203(k): Standard
Single Family Home
(Primary Residence)
2-4 Unit Properties
(Primary Residence)
Condos
(Primary Residence)
Townhomes
(Primary Residence)
PUDs (Primary Residence)
REO's (Primary Residence)
X
X
 
"3.5% Minimum Down Payment
(Purchase)*"
"3.5% Minimum Down Payment
(Refinance)**
Home Equity Counts***"
"Allowed Gift Funds
(Down Payment & Cost)"
"Mortgage Amount Based on Lower of:
After Improvement Appraised Value, or
Sales Price + Renovation Cost"
No Maximum Renovation Amount, as long as mortgage amount within county FHA loan limits
Allowable Renovations
Most Anything
From major structural issues to new paint to whole room additions to landscaping, most any project type is acceptable.
Learn More About <br />FHA 203(k): Standard
FNMA HomeStyle
Single Family Home
(Primary Residence)
2-4 Unit Properties
(Primary Residence)
Condos
(Primary Residence)
Townhomes
(Primary Residence)
PUDs (Primary Residence)
REO's (Primary Residence)
Second Homes (1 Unit)
Investment Properties
(1 Unit)
5% Primary Residence
10% 2nd Home/Inv. Prop.
5% Primary Residence
10% 2nd Home/Inv. Prop.
 
Gift Funds Allowed on primary residences, after minimum 3% down payment contribution
Mortgage Amount Based on Lower of:
After Improvement Appraised Value, or
Sales Price + Renovation Cost
Maximum Renovation Amount Up to 50% of the as completed value
Allowable Renovations
Most Anything
From major structural issues to new paint to whole room additions to landscaping, most any project type is acceptable.
Learn More About <br />FNMA HomeStyle

* Purchase down payment percentage is relevant to home sale price, plus renovation costs.
** Refinance down payment percentage is relevant to mortgage balance, plus renovation costs.
*** Available home equity is “after improvement” appraised value, minus mortgage balance, minus renovation costs.
**** All Renovations must be approved.

Learn More About Loan Types

Easy Process – Start Today

We are experts at home renovation financing. From today until you receive the keys to your new renovated dream home, we’ll be your partner.

With our expert teamas your guide, the process is easy. We’re ready to take the first step with you today!"

Apply Now!     (888) 594-5799