We have three renovation options that all use after repair value to determine the allowable loan amount. Our most popular option is FHA 203, but we also offer Fannie Mae's Homestyle Renovation product as well as a special investor rehab loan.
FHA 203K Loans - Government backed and for primary residences only, FHA 203K loans are the easiest renovation loans to qualify for.
Fannie Mae Homestyle - Good option for borrowers with excellent credit. This loan is cheaper and has a better interest rate than FHA 203K loans do.
Investor Rehab Loan - Created specifically for investors, this renovation loan offers fairly easy qualifying guidelines along with needing only a 5% cash injection.
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